Document and Entity Information	9 Months Ended
Document and Entity Information	Oct. 31, 2015
Document And Entity Information [Abstract]
Document Type	S-1/A
Amendment Flag	false
Document Period End Date	Oct. 31, 2015
Trading Symbol	OLLI
Entity Registrant Name	Ollie's Bargain Outlet Holdings, Inc.
Entity Central Index Key	0001639300
Entity Filer Category	Non-accelerated Filer

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014	Feb. 01, 2014
Current assets:
Cash	$ 3,960	$ 21,952	$ 3,341	$ 12,166
Inventories	212,581	169,872	185,843	146,218
Accounts receivable	418	318	343	339
Deferred income taxes	4,559	4,166	3,166	1,925
Prepaid expenses and other assets	6,771	1,969	6,198	4,484
Total current assets	228,289	198,277	198,891	165,132
Property and equipment, net	38,726	33,926	34,379	27,935
Goodwill	444,850	444,850	444,850	444,850
Tradename and other intangible assets, net	233,291	233,625	233,742	234,359
Other assets	5,185	6,453	6,841	7,002
Total assets	950,341	917,131	918,703	879,278
Current liabilities:
Current portion of long-term debt	3,367	7,794	3,350	7,012
Accounts payable	50,995	50,498	44,600	37,364
Income taxes payable		4,702		7,032
Accrued expenses	31,321	27,640	28,895	25,477
Total current liabilities	85,683	90,634	76,845	76,885
Revolving credit facility	18,054		22,667
Long-term debt	209,080	313,493	318,619	261,467
Deferred income taxes	91,673	93,256	93,782	94,434
Other long-term liabilities	4,099	2,913	2,872	2,353
Total liabilities	$ 408,589	$ 500,296	$ 514,785	435,139
Stockholders' equity:
Preferred stock, Value
Common stock, Value	$ 59
Additional paid-in capital	532,182	$ 393,078	$ 392,169	423,668
Retained earnings	9,597	23,738	11,730	20,423
Treasury stock	(86)	(29)	(29)
Total stockholders' equity	541,752	416,835	403,918	444,139
Total liabilities and stockholders' equity	950,341	917,131	918,703	879,278
Common Stock Class A [Member]
Stockholders' equity:
Common stock, Value		48	48	$ 48
Common Stock Class B [Member]
Stockholders' equity:
Common stock, Value	$ 0	$ 0	$ 0

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014	Feb. 01, 2014
Treasury stock, Shares	8,625	2,875	2,875	0
Property and equipment, accumulated depreciation	$ 25,924	$ 19,403	$ 17,331	$ 11,447
Trade name and other intangible assets, accumulated amortization	$ 1,196	$ 1,060	$ 969
Preferred stock, Shares authorized	50,000,000	0	0
Preferred stock, Par value	$ 0.001	$ 0.001	$ 0.001
Preferred stock, Shares issued	0	0	0
Common stock, Shares authorized	500,000,000	0	0
Common stock, Par value	$ 0.001	$ 0.001	$ 0.001
Common stock, Shares issued	58,521,565	0	0
Common Stock Class A [Member]
Common stock, Shares authorized	0	85,000,000	85,000,000	85,000,000
Common stock, Par value	$ 0.001	$ 0.001	$ 0.001	$ 0.001
Common stock, Shares issued	0	48,203,515	48,203,515	48,203,515
Common Stock Class B [Member]
Common stock, Shares authorized	0	8,750,000	8,750,000	8,750,000
Common stock, Par value	$ 0.001	$ 0.001	$ 0.001	$ 0.001
Common stock, Shares issued	0	0	0	0

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014	Jan. 31, 2015	Feb. 01, 2014
Income Statement [Abstract]
Net sales	$ 174,565	$ 150,005	$ 518,968	$ 437,310	$ 637,975	$ 540,718
Cost of sales	104,641	90,410	314,943	263,108	384,465	323,908
Gross profit	69,924	59,595	204,025	174,202	253,510	216,810
Selling, general and administrative expenses	51,796	44,063	147,242	126,066	178,832	153,807
Depreciation and amortization expenses	1,810	1,773	5,265	5,291	6,987	8,011
Pre-opening expenses	2,380	1,132	5,252	4,186	4,910	4,833
Operating income	13,938	12,627	46,266	38,659	62,781	50,159
Interest expense, net	3,289	4,754	12,286	13,796	19,103	19,341
Loss on extinguishment of debt			2,351	671
Income before income taxes	10,649	7,873	31,629	24,192	43,678	30,818
Income tax expense	3,887	3,022	11,854	9,285	16,763	11,277
Net income	$ 6,762	$ 4,851	$ 19,775	$ 14,907	$ 26,915	$ 19,541
Earnings per common share:
Basic	$ 0.12	$ 0.10	$ 0.38	$ 0.31	$ 0.56	$ 0.40
Diluted	$ 0.11	$ 0.10	$ 0.37	$ 0.31	$ 0.55	$ 0.40
Weighted-average common shares outstanding:
Basic	58,478,249	48,202,093	52,258,973	48,203,041	48,202,480	48,519,420
Diluted	60,703,586	48,839,990	54,101,964	48,415,673	48,609,350	48,519,420
Unaudited pro forma net income per common share:
Basic	$ 0.00	$ 0.00	$ 0.00	$ 0.00	$ 0.51	$ 0.00
Diluted	$ 0.00	$ 0.00	$ 0.00	$ 0.00	$ 0.50	$ 0.00
Unaudited pro forma weighted average common shares outstanding:
Basic	0	0	0	0	53,223,830	0
Unaudited pro forma weighted average common shares outstanding-diluted	0	0	0	0	53,630,700	0

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Common Stock Class A [Member] Common Stock [Member]
Beginning Balance at Feb. 02, 2013	$ 467,356			$ 463,698	$ 3,605	$ 53
Beginning Balance, shares at Feb. 02, 2013						53,203,140
Repurchase of common stock	(46,198)			(43,470)	(2,723)	$ (5)
Repurchase of common stock, shares						(4,999,625)
Stock-based compensation expense	3,440			3,440
Net income	19,541				19,541
Ending Balance at Feb. 01, 2014	444,139			423,668	20,423	$ 48
Ending Balance, shares at Feb. 01, 2014						48,203,515
Purchase of treasury stock	(29)		$ (29)
Purchase of treasury stock, shares			(2,875)
Dividend paid	(57,951)			(34,351)	(23,600)
Stock-based compensation expense	2,852			2,852
Net income	14,907				14,907
Ending Balance at Nov. 01, 2014	403,918		$ (29)	392,169	11,730	$ 48
Ending Balance, shares at Nov. 01, 2014			(2,875)			48,203,515
Beginning Balance at Feb. 01, 2014	444,139			423,668	20,423	$ 48
Beginning Balance, shares at Feb. 01, 2014						48,203,515
Purchase of treasury stock	(29)		$ (29)
Purchase of treasury stock, shares			(2,875)
Dividend paid	(57,951)			(34,351)	(23,600)
Stock-based compensation expense	3,761			3,761
Net income	26,915				26,915
Ending Balance at Jan. 31, 2015	416,835		$ (29)	393,078	23,738	$ 48
Ending Balance, shares at Jan. 31, 2015			(2,875)			48,203,515
Purchase of treasury stock	(57)		$ (57)
Purchase of treasury stock, shares			(5,750)
Proceeds from stock options exercised	$ 357	$ 1		356
Proceeds from stock options exercised, shares	54,300	49,700				4,600
Excess tax benefit related to exercises of stock options	$ 217			217
Conversion of Class A and Class B common stock to a single class of common stock		$ 48				$ (48)
Conversion of Class A and Class B common stock to a single class of common stock, shares		48,208,115				(48,208,115)
Proceeds from issuance of common stock, net of expenses	149,806	$ 10		149,796
Proceeds from issuance of common stock, net of expenses, shares		10,263,750
Dividend paid	(48,848)			(14,932)	(33,916)
Stock-based compensation expense	3,667			3,667
Net income	19,775				19,775
Ending Balance at Oct. 31, 2015	$ 541,752	$ 59	$ (86)	$ 532,182	$ 9,597
Ending Balance, shares at Oct. 31, 2015		58,521,565	(8,625)

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	9 Months Ended		12 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Jan. 31, 2015
Statement of Stockholders' Equity [Abstract]
Dividends paid, per share	$ 1.01	$ 1.20	$ 1.20

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Jan. 31, 2015	Feb. 01, 2014
Cash flows from operating activities:
Net income	$ 19,775	$ 14,907	$ 26,915	$ 19,541
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization of property and equipment	6,567	5,926	8,051	8,104
Amortization of debt issuance costs	1,041	1,093
Amortization and write-off of debt issuance costs			1,893	2,483
Amortization and write-off of original issue discount	365	425	828	1,411
Loss on extinguishment of debt	2,351	671
Amortization of intangibles	334	617	734	1,387
Gain on disposal of assets		(28)	(14)	(28)
Deferred income tax benefit	(1,976)	(1,893)	(3,419)	(3,213)
Deferred rent expense	1,540	920	1,144	1,268
Stock-based compensation expense	3,667	2,852	3,761	3,440
Changes in operating assets and liabilities:
Inventories	(42,709)	(39,625)	(23,654)	(20,598)
Accounts receivable	(100)	(4)	21	(62)
Prepaid expenses and other assets	(4,401)	(452)	3,220	(446)
Accounts payable	93	6,975	13,113	321
Income taxes payable	(5,257)	(7,599)	(2,330)	3,425
Accrued expenses and other liabilities	3,327	3,017	1,579	2,680
Net cash (used in) provided by operating activities	(15,383)	(12,198)	31,842	19,713
Cash flows from investing activities:
Purchases of property and equipment	(10,917)	(12,124)	(14,110)	(9,597)
Proceeds from sale of property and equipment	23	43	103	43
Net cash (used in) provided by investing activities	(10,894)	(12,081)	(14,007)	(9,554)
Cash flows from financing activities:
Borrowings on revolving credit facility	444,791	482,464	674,457	471,891
Repayments on revolving credit facility	(426,737)	(459,797)	(674,457)	(471,891)
Borrowings on term loan		59,592	59,592	47,756
Repayments on term loan	(110,092)	(6,776)	(7,612)	(2,750)
Proceeds from issuance of common stock, net of expenses	149,806
Proceeds from stock option exercise	357
Excess tax benefit related to exercises of stock options	217
Payment of debt issuance costs	(1,152)	(2,049)	(2,049)	(1,401)
Payment of dividend	(48,848)	(57,951)	(57,951)
Purchase of treasury stock	(57)	(29)	(29)
Repurchase of common stock				(46,198)
Net cash (used in) provided by financing activities	8,285	15,454	(8,049)	(2,593)
Net decrease in cash	(17,992)	(8,825)	9,786	7,566
Cash at the beginning of the period	21,952	12,166	12,166	4,600
Cash at the end of the period	3,960	3,341	21,952	12,166
Supplemental disclosure of cash flow information:
Interest	10,800	11,978	19,867	13,355
Income taxes	$ 18,882	$ 18,755	$ 22,703	$ 11,096

Organization and Summary of Significant Accounting Policies

9 Months Ended

12 Months Ended

Oct. 31, 2015

Jan. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Summary of Significant Accounting Policies

(1) Organization and summary of significant accounting policies

(a) Description of business

Ollie’s Bargain Outlet Holdings, Inc., operates through its sole operating subsidiary, Ollie’s Bargain Outlet, Inc., a chain of retail stores which offer brand name products at deeply discounted and closeout prices across a broad selection of product categories. Ollie’s Bargain Outlet Holdings, Inc. together with its subsidiaries will be referenced herein as the Company or Ollie’s. Ollie’s principally buys overproduced, overstocked, and closeout merchandise from manufacturers, wholesalers, and other retailers. In addition, the Company augments brand name closeout deals with directly sourced private label products featuring names exclusive to Ollie’s in order to provide consistent assortment of value-priced goods in select key merchandise categories.

Since the first store opened in 1982, the Company has grown to 200 retail locations as of October 31, 2015 compared to 173 locations as of November 1, 2014. Ollie’s Bargain Outlet retail locations are located in 17 states (Alabama, Connecticut, Delaware, Georgia, Indiana, Kentucky, Maryland, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia).

(b) Fiscal year

Ollie’s follows a 52/53-week fiscal year, which ends on the Saturday nearest to January 31st. References to the fiscal year ended January 31, 2015 refer to the period from February 2, 2014 to January 31, 2015. The fiscal quarters ended October 31, 2015 and November 1, 2014 refer to the thirteen weeks from August 2, 2015 to October 31, 2015 and from August 3, 2014 to November 1, 2014, respectively. The year-to-date periods ended October 31, 2015 and November 1, 2014 refer to the thirty-nine weeks from February 1, 2015 to October 31, 2015 and from February 2, 2014 to November 1, 2014, respectively.

(c) Basis of presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and applicable rules and regulations of the SEC regarding interim financial reporting. The condensed consolidated financial statements reflect all normal recurring adjustments which management believes are necessary to present fairly the Company’s financial condition, results of operations, and cash flows for all periods presented. The condensed consolidated balance sheets as of October 31, 2015 and November 1, 2014, the condensed consolidated statements of income for the thirteen weeks and thirty-nine weeks ended October 31, 2015 and November 1, 2014, and the condensed consolidated statements of stockholders’ equity and cash flows for the thirty-nine weeks ended October 31, 2015 and November 1, 2014 have been prepared by the Company and are unaudited. The Company’s business is seasonal in nature and results of operations for the interim periods presented are not necessarily indicative of operating results for the year ending January 30, 2016 or any other period. All intercompany accounts, transactions, and balances have been eliminated in consolidation.

The Company’s balance sheet as of January 31, 2015, presented herein, has been derived from the audited balance sheet included in the Company’s prospectus, dated July 15, 2015 related to the Company’s initial public offering (“IPO”) and filed with the Securities and Exchange Commission (“SEC”) pursuant to Rule 424(b) under the Securities Act of 1933, and referred to herein as the “Prospectus,” but does not include all disclosures required by GAAP. These financial statements should be read in conjunction with the financial statements for the fiscal year ended January 31, 2015 and footnotes thereto included in the Prospectus.

For purposes of the disclosure requirements for segments of a business enterprise, it has been determined that the Company is comprised of one operating segment.

(d) Use of estimates

The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

(e) Fair value disclosures

Fair value is defined as the price which the Company would receive to sell an asset or pay to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date. In determining fair value, GAAP establishes a three-level hierarchy used in measuring fair value, as follows:

•

Level 1 inputs are quoted prices available for identical assets and liabilities in active markets.

•

Level 2 inputs are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets and liabilities in active markets or other inputs which are observable or can be corroborated by observable market data.

•

Level 3 inputs are less observable and reflect the Company’s assumptions.

Ollie’s financial instruments consist of cash, accounts receivable, accounts payable, revolving credit facility and our term loan. The carrying amount of cash, accounts receivable and accounts payable approximates fair value because of their short maturities. The carrying amount of the revolving credit facility and term loan facility approximates its fair value because the interest rates are adjusted regularly based on current market conditions.

(f) Supplemental cash flow information

As of October 31, 2015 and November 1, 2014, capital expenditures of $0.8 million and $0.5 million, respectively, had been incurred but not yet paid in cash and, accordingly, were accrued in accounts payable and accrued expenses.

(g) Stock split

(h) Initial public offering

On July 15, 2015, the Company priced its initial public offering of 8,925,000 shares of its common stock. In addition, on July 17, 2015, the underwriters of the IPO exercised their option to purchase an additional 1,338,750 shares of common stock from the Company. As a result, 10,263,750 shares of common stock were issued and sold by the Company at a price of $16.00 per share.

As a result of the IPO, the Company received net proceeds of $153.1 million, after deducting the underwriting fees of $11.1 million. The Company used the net proceeds from the IPO to pay off outstanding borrowings under the Revolving Credit Facility and a portion of the outstanding principal balance of the Term Loan. See Note 4, “Debt Obligations and Financing Arrangements.”

Immediately prior to the IPO, the Company amended and restated its certificate of incorporation to reflect the conversion of all Class B common stock to Class A common stock. In addition, all shares of Class A common stock were recapitalized into a single class of common stock. As part of the IPO, the Company increased its authorized common stock shares to 500,000,000 at $0.001 par value per share and authorized 50,000,000 shares of preferred stock at $0.001 par value per share.

(i) Goodwill/intangible assets

The Company amortizes intangible assets over their useful lives unless it determines such lives to be indefinite. Goodwill and intangible assets having indefinite useful lives are not amortized to earnings, but instead are subject to annual impairment testing or more frequently if events or circumstances indicate that the value of goodwill or intangible assets having indefinite useful lives might be impaired.

The Company is also required to perform impairment tests annually or more frequently if events or circumstances indicate that the value of its non-amortizing intangible assets might be impaired. The Company’s non-amortizing intangible assets as of October 31, 2015 and November 1, 2014 consisted of a tradename. Entities have an option to perform a qualitative assessment to determine whether further impairment testing of non-amortizing intangible assets is necessary. Specifically, an entity has the option to first assess qualitative factors to determine whether it is necessary to perform a quantitative test. The Company performs the quantitative impairment test using the discounted cash flow method based on management’s projections to determine the fair value of the asset. The carrying amount of the asset is then compared to the fair value. If the carrying amount is greater than fair value, an impairment loss is recorded for the amount that fair value is less than the carrying amount. If an entity believes, as a result of its qualitative assessment, that it is more-likely than-not that the fair value is less than its carrying amount, the quantitative impairment test is required. Otherwise, no further testing is required. As of October 31, 2015 and November 1, 2014, the Company completed a qualitative impairment test. Based upon the results of the qualitative tests, no impairment of the tradename existed.

(j) Recently issued accounting pronouncements

Contracts with customers

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU No. 2014-09 will replace most existing revenue recognition guidance in GAAP when it becomes effective. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers: Deferral of the Effective Date which defers the effective date for ASU 2014-09 by one year to January 1, 2018; however, public business entities would be permitted to adopt the standard as of the original effective date. The Company has not selected a transition method and is currently evaluating the impact this guidance will have on the consolidated balance sheet, results of operations and cash flows.

Deferred taxes

In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes. This update requires an entity to classify deferred tax liabilities and assets as noncurrent within a classified balance sheet. ASU 2015-17 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2016. This update may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Early application is permitted as of the beginning of the interim or annual reporting period. The Company is currently reviewing the revised guidance and assessing the potential impact on its consolidated financial statements.

(1) Organization and summary of significant accounting policies

(a) Description of business

On September 28, 2012, Ollie’s Bargain Outlet Holdings, Inc. (formerly known as Bargain Holdings, Inc.) acquired Bargain Parent, Inc and its subsidiary Ollie’s Holdings, Inc. and its sole operating subsidiary, Ollie’s Bargain Outlet, Inc. for $700.0 million in cash. The acquisition was financed through approximately $462.6 million in equity investment and approximately $250.0 million in various debt financing and Bargain Holdings, Inc. was formed to complete the acquisition by its majority shareholder, CCMP Capital Advisors, LLC and affiliates.

On March 23, 2015, Bargain Holdings, Inc. changed its name to Ollie’s Bargain Outlet Holdings, Inc. All references within the financial statements and notes have been updated to refer to Ollie’s Bargain Outlet Holdings, Inc. for all periods presented. Ollie’s Bargain Outlet Holdings, Inc., operates through its sole operating subsidiary, Ollie’s Bargain Outlet, Inc., a chain of retail stores that offer brand name products at deeply discounted and closeout prices across a broad selection of product categories.

Ollie’s Bargain Outlet Holdings, Inc. and Subsidiaries are collectively referenced to as the Company or Ollie’s.

Since the first store opened in 1982, the Company has grown to 176 Ollie’s Bargain Outlet retail locations as of January 31, 2015 from 154 locations as of February 1, 2014. Ollie’s Bargain Outlet retail locations are currently located in 16 states (Alabama, Delaware, Georgia, Indiana, Kentucky, Maryland, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia).

Ollie’s principally buys overproduced, overstocked, and closeout merchandise from manufacturers, wholesalers, and other retailers. In addition, the Company augments our brand name closeout deals with directly sourced private label products featuring names exclusive to Ollie’s, in order to provide consistently value-priced goods in select key merchandise categories.

For purposes of the disclosure requirements for segments of a business enterprise, it has been determined that the Company is comprised of one operating segment.

(b) Fiscal year

(c) Principles of consolidation

The consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany transactions have been eliminated in consolidation.

(d) Use of estimates

The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

(e) Fair value disclosures

Fair value is defined as the price which the Company would receive to sell an asset or pay to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date. In determining fair value, U.S. GAAP establishes a three-level hierarchy used in measuring fair value, as follows:

•

Level 1 inputs are quoted prices available for identical assets and liabilities in active markets.

•

Level 2 inputs are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets and liabilities in active markets or other inputs that are observable or can be corroborated by observable market data.

•

Level 3 inputs are less observable and reflect the Company’s assumptions.

Ollie’s financial instruments consist of cash, accounts receivable, accounts payable and our term loan. The carrying amount of cash, accounts receivable and accounts payable approximates fair value because of their short maturities. The carrying amount of our term loan facility approximates its fair value because the interest rates are adjusted regularly based on current market conditions.

(f) Cash

The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.

(g) Concentration of credit risk

Financial instruments which potentially subject the Company to a concentration of credit risk are cash. Ollie’s currently maintains its day-to-day operating cash balances with major financial institutions. The Company’s operating cash balances are in excess of the Federal Deposit Insurance Corporation (FDIC) insurance limit. From time to time, Ollie’s invests temporary excess cash in overnight investments with expected minimal volatility, such as money market funds. Although the Company maintains balances which exceed the FDIC insured limit, it has not experienced any losses related to this balance, and Ollie’s believes the credit risk to be minimal.

(h) Inventories

Inventories are stated at the lower of cost or market determined using the retail inventory method on a first-in, first-out basis. The cost of inventories includes the merchandise cost, transportation costs, and certain distribution and storage costs. Such costs are thereafter expensed as cost of sales upon the sale of the merchandise. The retail inventory method uses estimates for shrink and markdowns to calculate ending inventory. These estimates made by management could significantly impact the ending inventory valuation at cost and the resulting gross margin.

(i) Property and equipment

Property and equipment are stated at original cost less accumulated depreciation and amortization. Depreciation and amortization are calculated over the estimated useful lives of the related assets, or in the case of leasehold improvements, the lesser of the useful lives or the remaining term of the lease. Expenditures for additions, renewals, and betterments are capitalized; expenditures for maintenance and repairs are charged to expense as incurred. Depreciation is computed on the straight-line method for financial reporting purposes.

The useful lives for the purpose of computing depreciation and amortization are as follows:



Software		3 years

Automobiles		5 years

Computer equipment		5 years

Furniture, fixtures, and equipment		7-10 years

Leasehold improvements		Lesser of lease term or useful life

(j) Goodwill/intangible assets

Entities have an option to perform a qualitative assessment to determine whether further impairment testing on goodwill is necessary. Specifically, an entity has the option to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative test. The goodwill quantitative impairment test is a two-step test. Under the first step, the fair value of the reporting unit is compared with its carrying value (including goodwill). If the fair value of the reporting unit is less than its carrying value, an indication of goodwill impairment exists for the reporting unit and the enterprise must perform step two of the impairment test (measurement). Under step two, an impairment loss is recognized for any excess of the carrying amount of the reporting unit’s goodwill over the implied fair value of that goodwill. The implied fair value of goodwill is determined by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation. The residual fair value after the allocation is the implied fair value of the reporting unit goodwill. Fair value of the sole reporting unit is determined utilizing a combination of valuation methods including both the income approach (including a discounted cash flow analysis) and market approaches (including prior transaction method and comparable public company multiples). The fair value estimates utilized in the impairment testing reflect the use of Level 3 inputs. If the fair value of the reporting unit exceeds its carrying value, step two does not need to be performed. If an entity believes, as a result of its qualitative assessment, that it is more-likely than-not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is required. Otherwise, no further testing is required. The Company has selected the fiscal month ending date of October as the annual impairment testing date. For the fiscal year ended February 1, 2014, the Company completed a quantitative impairment test. For the fiscal year ended January 31, 2015, the Company completed a qualitative impairment test. Based upon the procedures described above, no impairment of goodwill existed as of January 31, 2015 or February 1, 2014.

The Company is also required to perform impairment tests annually or more frequently if events or circumstances indicate that the value of its nonamortizing intangible assets might be impaired. The Company’s nonamortizing intangible assets as of January 31, 2015 and February 1, 2014 consisted of a tradename. Entities have an option to perform a qualitative assessment to determine whether further impairment testing of nonamortizing intangible assets is necessary. Specifically, an entity has the option to first assess qualitative factors to determine whether it is necessary to perform a quantitative test. The Company performs the quantitative impairment test using the discounted cash flow method based on management’s projections to determine the fair value of the asset. The carrying amount of the asset is then compared to the fair value. If the carrying amount is greater than fair value, an impairment loss is recorded for the amount that fair value is less than the carrying amount. If an entity believes, as a result of its qualitative assessment, that it is more-likely than-not that the fair value is less than its carrying amount, the quantitative impairment test is required. Otherwise, no further testing is required. For the fiscal year ended February 1, 2014, the Company completed a quantitative impairment test. For the fiscal year ended January 31, 2015, the Company completed a qualitative impairment test. Based upon the procedures described above, no impairment of tradename existed as of January 31, 2015 or February 1, 2014.

Intangible assets with determinable useful lives are amortized over their estimated useful lives and reviewed for impairment whenever events or changes in circumstances indicate that its carrying amount may not be recoverable.

(k) Impairment of long-lived assets

Long-lived assets, such as property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset or asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary.

(l) Stock-based compensation

The Company measures the cost of employee services received in exchange for share-based compensation based on the grant date fair value of the employee stock award. Ollie’s recognizes stock-based compensation expense based on estimated grant date fair value using the Black-Scholes option-pricing model which is recorded on a straight-line basis over the vesting period for the entire reward. Excess tax benefits of awards related to stock option exercises are reflected as financing cash inflows.

(m) Revenue recognition

Ollie’s recognizes retail sales in its stores at the time a customer pays and takes possession of merchandise. Net sales are presented net of returns and sales tax. The Company provides an allowance for estimated sales returns based on prior experience. The total allowance for returns was $0.2 million as of January 31, 2015 and February 1, 2014. The following table provides a reconciliation of the activity related to the Company’s sales returns allowance (in thousands):


	Fiscal year ended
	January 31, 2015			February 1, 2014
Beginning balance	$	207		$	207
Provisions		27,292			24,236
Sales returns		(27,252	)		(24,236	)


Ending balance	$	247		$	207

(n) Cost of sales

Cost of sales includes merchandise cost, transportation costs, inventory markdowns, shrink, and certain distribution, warehousing and storage costs, including depreciation.

(o) Selling, general and administrative expenses

Selling, general and administrative expenses are comprised of payroll and benefits for stores, field support, distribution facility and support center employees. Selling, general and administrative expense also includes marketing and advertising expense, occupancy costs, insurance, corporate infrastructure and other selling, general and administrative expenses.

(p) Advertising costs

Advertising costs primarily consist of newspaper circulars, email campaigns, media broadcasts and prominent advertising at professional and collegiate sporting events and are charged to expense the first time the advertising occurs. Advertising expense for the fiscal years ended January 31, 2015 and February 1, 2014 was $23.1 million and $19.7 million, respectively.

(q) Operating leases

The Company leases all of its store locations, distribution centers and office facilities. Many of the lease agreements contain rent holidays, rent escalation clauses and contingent rent provisions – or some combination of these items. For leases of store locations and office facilities, the Company recognizes rent expense in selling, general and administrative expenses. For leases of distribution centers, the Company recognizes rent expense within cost of sales. All rent expense is recorded on a straight-line basis over the accounting lease term, which includes lease renewals determined to be reasonably assured. Additionally, the commencement date of the accounting lease term reflects the earlier of the date the Company becomes legally obligated for the lease payments or the date the Company takes possession of the building for initial construction and setup. The excess rent expense over the actual cash paid for rent is accounted for as deferred rent. Leasehold improvement allowances received from landlords and other lease incentives are recorded as deferred rent liabilities and are recognized in selling, general and administrative expenses on a straight-line basis over the accounting lease term.

(r) Pre-opening costs

Pre-opening costs (costs of opening new stores and distribution facilities, including grand opening promotions, payroll, travel, training, and store setup costs) are expensed as incurred.

(s) Debt issuance costs and original issue discount

Debt issuance costs and original issue discount are amortized to interest expense using the effective interest method, over the life of the related debt. As of January 31, 2015 and February 1, 2014, debt issuance costs, net of accumulated amortization, were $6.1 million and $6.8 million, respectively. For the fiscal years ended January 31, 2015 and February 1, 2014, amortization of debt issuance costs was $1.3 million and $1.4 million, respectively, and the write-off of debt issuance costs was $0.6 million and $1.1 million, respectively. For the fiscal years ended January 31, 2015 and February 1, 2014, amortization of original issue discount was $0.8 million and $1.4 million, respectively.

(t) Self-insurance liabilities

Under a number of the Company’s insurance programs, which include the Company’s employee health insurance program, its workers’ compensation and general liability insurance programs, the Company is liable for a portion of its losses. Ollie’s is self-insured for certain losses related to the company sponsored employee health insurance program. The Company estimates the accrued liabilities for our self-insurance programs using historical claims experience and loss reserves including claims for incidents incurred but not reported as of the balance sheet date. To limit the Company’s exposure to losses, a stop-loss coverage is maintained through third-party insurers.

(u) Income taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating losses and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized.

Ollie’s files consolidated federal and state income tax returns. For years before 2010, the Company is no longer subject to U.S. federal income tax examinations. State income tax returns are filed in various state tax jurisdictions, as appropriate, with varying statutes of limitation and remain subject to examination for varying periods up to three to four years depending on the state.

(v) Supplemental cash flow information

As of January 31, 2015 and February 1, 2014, capital expenditures of $0.4 million and $0.5 million, respectively, had been incurred but not yet paid in cash and, accordingly, were accrued in accounts payable and accrued expenses.

(w) Earnings per common share

Basic earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding. Diluted earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding, after giving effect to the potential dilution, if applicable, from the assumed exercise of stock options into shares of common stock as if those stock options were exercised.

The following table summarizes those effects for the diluted net income per common share calculation (in thousands, except share and per share amounts):


	Fiscal year ended
	January 31, 2015		February 1, 2014
Net income	$	26,915	$	19,541

Weighted average number of common shares outstanding–Basic		48,202,480		48,519,420
Incremental shares from the assumed exercise of outstanding stock options		406,870		—

Weighted average number of common shares outstanding–Diluted		48,609,350		48,519,420

Earnings per common share–Basic	$	0.56	$	0.40

Earnings per common share–Diluted	$	0.55	$	0.40

Weighted average stock option shares totaling 2,971,140 and 5,230,200 as of January 31, 2015 and February 1, 2014, respectively, were excluded from the calculation of diluted weighted average common shares outstanding because the effect would have been antidilutive.

(x) Recent accounting pronouncements

In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU No. 2014-09 will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for Ollie’s on January 29, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company has not yet determined the effect of the standard on its consolidated financial statements and related disclosures.

(y) Reclassification

Certain prior-year amounts have been reclassified to conform to current-year presentation.

(z) Stock split

On June 17, 2015, the Company effected a stock split of the Company’s common stock at a ratio of 115 shares for every share previously held. All common stock share and common stock per share amounts for all periods presented in these financial statements have been adjusted retroactively to reflect the stock split. In addition, the Company increased the number of authorized Class A and Class B common shares to 85,000,000 and 8,750,000, respectively.

(aa) Unaudited pro forma net income per common share

In accordance with SEC Staff Accounting Bulletin (SAB) 1.B.3, unaudited pro forma net income per common share information is included on the consolidated statement of operations for the fiscal year ended January 31, 2015. The provisions of SAB 1.B.3 are applicable for the Company due to the dividends declared in the year ended January 31, 2015 totaling $58.0 million which exceeded the net income for the year ended January 31, 2015 of $26.9 million and the dividends paid in May 2015 totaling $48.8 million which exceeded the net income for the thirteen weeks ended May 2, 2015 of $6.7 million. There are no pro forma adjustments associated with net income utilized for the unaudited pro forma net income per common share calculation.

The following table provides a reconciliation of historical weighted average common shares outstanding to unaudited pro forma weighted average common shares outstanding:


	Fiscal year ended January 31, 2015
Weighted average common shares outstanding–basic		48,202,480
Incremental shares from assumed IPO related to dividends in excess of earnings		5,021,350

Pro forma weighted average common shares outstanding–basic		53,223,830
Incremental shares from the assumed exercise of outstanding stock options		406,870

Unaudited pro forma weighted average common shares outstanding–diluted		53,630,700

Property and Equipment

12 Months Ended

Jan. 31, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment

(2) Property and equipment

Property and equipment consists of the following (in thousands):


	Fiscal year ended
	January 31, 2015			February 1, 2014
Furniture, fixtures, and equipment	$	45,770		$	33,100
Leasehold improvements		6,336			5,285
Automobiles		1,223			997


		53,329			39,382
Less accumulated depreciation		(19,403	)		(11,447	)

	$	33,926		$	27,935

Depreciation and amortization expense of property and equipment was $8.1 million for the fiscal years ended January 31, 2015 and February 1, 2014, of which $6.7 million and $7.0 million, respectively, is included in depreciation and amortization on the consolidated statements of income. The remainder, as it relates to the Company’s distribution centers, is included within cost of sales on the consolidated statements of income.

Goodwill and Other Intangible Assets

12 Months Ended

Jan. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

(3) Goodwill and other intangible assets

Goodwill and other intangible assets consist of the following (in thousands):


	Fiscal year ended
	January 31, 2015			February 1, 2014

Non-amortizing intangible assets:
Goodwill	$	444,850		$	444,850
Tradename		230,402			230,402

Amortizing intangible assets:
Favorable leases		4,085			4,111
Noncompetition agreements		—			806
Customer database		198			198

Accumulated amortization:
Favorable leases		(906	)		(532	)
Noncompetition agreements		—			(537	)
Customer database		(154	)		(89	)

	$	678,475		$	679,209

Amortization expense of intangible assets was $0.7 million and $1.4 million, respectively, for the fiscal years ended January 31, 2015 and February 1, 2014, including $0.4 million, respectively, charged to rent expense for favorable leases. Estimated amortization expense of intangible assets during the next five fiscal years and thereafter is shown below (in thousands):



Fiscal year ending:
January 30, 2016	$	429
January 28, 2017		376
February 3, 2018		338
February 2, 2019		335
February 1, 2020		309
Thereafter		1,436

Total remaining amortization	$	3,223

Favorable lease intangible assets are being amortized on a straight-line basis over their respective lease terms plus assumed option renewal periods (weighted average remaining life of approximately 10.1 and 10.9 years as of January 31, 2015 and February 1, 2014, respectively) and the customer database intangible asset is being amortized over its estimated useful life (0.7 and 1.7 years as of January 31, 2015 and February 1, 2014, respectively).

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Accrued Expenses

9 Months Ended

12 Months Ended

Oct. 31, 2015

Jan. 31, 2015

Payables and Accruals [Abstract]

Accrued Expenses

(3) Accrued expenses

Accrued expenses consists of the following (in thousands):


	October 31, 2015		November 1, 2014		January 31, 2015
Accrued compensation and benefits	$	9,350	$	7,450	$	8,307
Sales and use taxes		2,538		1,970		1,273
Accrued real estate related		2,271		1,495		1,631
Accrued insurance		3,091		2,156		2,134
Accrued advertising		2,811		2,289		3,421
Accrued interest		259		3,964		178
Accrued freight		3,428		3,551		2,766
Other		7,573		6,020		7,930

	$	31,321	$	28,895	$	27,640

(4) Accrued expenses

Accrued expenses consists of the following (in thousands):


	Fiscal year ended
	January 31, 2015		February 1, 2014
Accrued compensation and benefits	$	8,307	$	5,948
Sales and use taxes		1,273		1,245
Accrued real estate related		1,631		1,170
Accrued insurance		2,134		1,992
Accrued advertising		3,421		3,342
Accrued interest		178		3,663
Accrued freight		2,766		1,623
Other		7,930		6,494

	$	27,640	$	25,477

Debt Obligations and Financing Arrangements

9 Months Ended

12 Months Ended

Oct. 31, 2015

Jan. 31, 2015

Debt Disclosure [Abstract]

Debt Obligations and Financing Arrangements

(4) Debt obligations and financing arrangements

Long-term debt consists of the following (in thousands):


	October 31, 2015			November 1, 2014			January 31, 2015
Term loan	$	212,377		$	321,969		$	321,287
Capital leases		70			—			—

Total debt		212,447			321,969			321,287
Less: current portion		(3,367	)		(3,350	)		(7,794	)

Long—term debt	$	209,080		$	318,619		$	313,493

The Company has two credit agreements in place including a Term Loan and a Revolving Credit Facility. As of October 31, 2015, November 1, 2014, and January 31, 2015 the amounts outstanding under the Term Loan, are net of unamortized original issue discount of $1.6 million, $2.9 million and $2.8 million, respectively.

The variable methods of determining interest rates for the Term Loan, calculated as the higher of the Prime Rate, the Federal Funds Effective Rate plus 0.50%, the Eurodollar Rate plus 1.00%, or 2.00%; plus the Applicable Margin. The Term Loan also allows for Eurodollar Loans with a floor of 1.00%, plus the Applicable Margin. The Applicable Margin is 2.75% for a Base Rate Loan and 3.75% for a Eurodollar Loan. As of October 31, 2015 and November 1, 2014, the interest rate on outstanding borrowings under the Term Loan was 4.75%.

On April 11, 2014, the Company entered into a Second Amendment to the Term Loan which allowed the Company to borrow an additional principal amount of $60.0 million. The primary purpose of the additional term loan borrowing was to distribute $58.0 million as a cash dividend to common shareholders as consented by the original Term Loan lenders. The total dividend amount was recorded as a reduction of retained earnings of $23.6 million to reduce the retained earnings balance as of the dividend date to zero and the additional $34.4 million was recorded as a reduction of additional paid-in capital. The proceeds received were net of $2.0 million, of which $1.3 million was recognized as deferred financing fees, $0.4 million was recorded as additional original issue discount, and $0.3 million was recognized as selling, general and administrative expenses. In connection with this amendment, $0.4 million of debt issuance cost and $0.2 million of original issue discount were accelerated on the date of the amendment and included within the loss on the extinguishment of debt.

On May 27, 2015, the Company amended the Term Loan and Revolving Credit Facility to, among other things, increase the size of the Revolving Credit Facility from $75.0 million to $125.0 million and to permit a dividend to holders of the Company’s outstanding common stock. On May 27, 2015, the Company borrowed $50.0 million under the Revolving Credit Facility and the proceeds were used to pay an aggregate cash dividend of $48.8 million to holders of outstanding common stock. The total dividend amount was recorded as a reduction of retained earnings of $33.9 million to reduce the retained earnings balance as of the dividend date to zero and the additional $14.9 million was recorded as a reduction of additional paid-in capital.

In July 2015, the Company repaid $50.0 million on the Revolving Credit Facility and $103.1 million of principal on the Term Loan using proceeds from the IPO. In connection with this repayment, $1.5 million of debt issuance costs and $0.8 million of original issue discount were written off and included in the loss on extinguishment of debt.

Under the terms of the Revolving Credit Facility, as of October 31, 2015 the Company could borrow up to 90.0% of the most recent appraised value (valued at cost, discounted for the current net orderly liquidation value) of our eligible inventory, as defined, up to $125.0 million. The Revolving Credit Facility includes a $25.0 million sub-facility for letters of credit and a $20.0 million swingline loan facility. The Revolving Credit Facility includes variable methods of determining interest rates, calculated as the higher of the Prime Rate, the Federal Funds Effective Rate plus 0.50%, or the Eurodollar Rate plus 1.00%; plus Applicable Margin (which could range from 0.75% to 1.25%). Under the terms of the Revolving Credit Facility, the Applicable Margin may fluctuate subject to periodic measurements of average availability, as defined. The Revolving Credit Facility also allows for Eurodollar Loans comprised of the Eurodollar Base Rate plus Applicable Margin (which could range from 1.75% to 2.25%).

As of October 31, 2015, Ollie’s had $18.1 million of outstanding borrowings under the Revolving Credit Facility, with $103.4 million of borrowing availability, letter of credit commitments of $3.3 million and $0.2 million of rent reserves. The interest rate applicable to the outstanding borrowings as of October 31, 2015 is 4.00%. The Revolving Credit Facility also contains a variable unused line fee ranging from 0.250% to 0.375% per annum.

The Revolving Credit Facility and Term Loan are collateralized by the Company’s assets and equity and contain financial covenants, as well as certain business covenants, including restrictions on dividend payments, which the Company must comply with during the term of the agreements. The Company was in compliance with all terms of the agreements during and as of the thirty-nine weeks ended October 31, 2015 and November 1, 2014.

(5) Debt obligations and financing arrangements

Long-term debt consists of the following (in thousands):


	Fiscal year ended
	January 31, 2015			February 1, 2014
Term loan	$	321,287		$	268,479
Less: current portion		(7,794	)		(7,012	)

Long-term debt	$	313,493		$	261,467

As of January 31, 2015, the scheduled principal payments of debt are as follows (in thousands):


Fiscal year ending:
January 30, 2016	$	7,794
January 28, 2017		3,350
February 3, 2018		3,350
February 2, 2019		3,350
February 1, 2020		306,231
Thereafter		—

Total cash principal payments		324,075
Less: Unamortized original issue discount		(2,788	)

Total cash principal payments, net	$	321,287

On September 28, 2012, the Company entered into two credit agreements with a total value of $300.0 million. The $300.0 million was comprised of a $75.0 million revolving credit facility (Credit Facility) and a $225.0 million term loan (Term Loan). The Credit Facility has Manufacturers and Traders Trust Company (M&T Bank) as administrative agent, and certain financial institutions as lenders. The Term Loan has Jefferies Finance LLC (Jefferies) as administrative agent, and certain financial institutions as lenders. As part of the Term Loan, the Company was required to pay a $2.5 million original issue discount.

On February 26, 2013, the Company entered into a First Amendment to the Term Loan (First Amendment) which allowed the Company to borrow an additional principal amount of $50.0 million. The proceeds received were net of a soft call premium of $2.2 million, of which $1.8 million was recorded as additional original issue discount and $0.4 million was recognized as interest expense on the date of the amendment. The primary purpose of this additional term loan borrowing was a $46.2 million repurchase of 4,999,625 shares of Class A Common Stock from our majority shareholder as consented by the original Term Loan lenders. In addition, various arrangement fees and legal fees totaling $1.6 million were incurred in connection with this amendment, of which $1.1 million were recorded as deferred financing fees and $0.5 million were recognized in selling, general and administrative expense on the date of the amendment. In connection with this amendment, $1.1 million of debt issuance cost and $0.4 million of original issue discount were accelerated on the date of the amendment and included within interest expense.

On April 11, 2014, the Company entered into a Second Amendment to the Term Loan (Amended Term Loan) which allowed the Company to borrow an additional principal amount of $60.0 million. The primary purpose of the additional term loan borrowing was to distribute $58.0 million as a cash dividend to common shareholders as consented by the original Term Loan lenders. The total dividend amount was recorded as a reduction of retained earnings of $23.6 million to reduce the retained earnings balance as of the dividend date to zero and the additional $34.4 million was recorded as a reduction of additional paid-in capital. The proceeds received were net of $2.0 million, of which $1.3 million was recognized as deferred financing fees, $0.4 million was recorded as additional original issue discount, and $0.3 million was recognized as selling, general and administrative expenses. In connection with this amendment, $0.4 million of debt issuance cost and $0.2 million of original issue discount were accelerated on the date of the amendment and included within interest expense.

The Amended Term Loan is payable in 27 consecutive quarterly payments of $0.8 million to be made on the last business day of each fiscal quarter beginning with February 1, 2013, with the remaining unpaid principal balance of the Amended Term Loan along with all accrued and unpaid interest to be paid by September 28, 2019. The Amended Term Loan provides for an “Excess Cash Flow” payment, as defined, to be made on or before 125 days from the end of the Company’s fiscal year of each year beginning with the fiscal year ended February 1, 2014. The Excess Cash Flow payment expected to be made for the fiscal year ended January 31, 2015 is $4.4 million and is included in current portion of long-term debt as of January 31, 2015. The Excess Cash Flow payment for the fiscal year ended February 1, 2014 was $4.3 million and was included in current portion of long-term debt as of February 1, 2014.

The credit agreement includes variable methods of determining interest rates for the Amended Term Loan, calculated as the higher of the Prime Rate, the Federal Funds Effective Rate plus 0.50%, the Eurodollar Rate plus 1.00%, or 2.00%; plus the Applicable Margin. The Amended Term Loan also allows for Eurodollar Loans with a floor of 1.00%, plus the Applicable Margin. As part of the Second Amendment to the Term Loan, the Applicable Margin on the interest rate was reduced by 0.25% (from 3.00% to 2.75% for a Base Rate Loan and from 4.00% to 3.75% for a Eurodollar Loan), the floor was reduced from 1.25% to 1.00%. As of January 31, 2015 and February 1, 2014, the interest rate on outstanding borrowings under the Amended Term Loan was 4.75% and 5.25%, respectively.

Under the terms of the Credit Facility, as of January 31, 2015 the Company could borrow up to 90.0% of the most recent appraised value (valued at cost, discounted for the current net orderly liquidation value) of our eligible inventory, as defined, up to $75.0 million. The Credit Facility includes a $25.0 million sub-facility for letters of credit and a $20.0 million swingline loan facility. The Credit Facility includes variable methods of determining interest rates, calculated as the higher of the Prime Rate, the Federal Funds Effective Rate plus 0.50%, or the Eurodollar Rate plus 1.00%; plus Applicable Margin (which could range from 0.75% to 1.25%). Under the terms of the Credit Facility, the Applicable Margin may fluctuate subject to periodic measurements of average availability, as defined. The Credit Facility also allows for Eurodollar Loans comprised of the Eurodollar Base Rate plus Applicable Margin (which could range from 1.75% to 2.25%). The agreement also allows the Company to increase the amount of the revolving credit facility by $25.0 million, subject to certain requirements and restrictions.

As of January 31, 2015, Ollie’s had no outstanding borrowings under the Credit Facility, with $73.5 million of borrowing availability, letter of credit commitments of $1.3 million and $0.2 million of rent reserves. The interest rate applicable if borrowings were outstanding as of January 31, 2015 would have been in a range of 2.19% and 4.25%. The Credit Facility also contains a variable unused line fee ranging from 0.250% to 0.375% per annum and the Company incurred unused line fees of $0.2 million for fiscal years 2014 and 2013.

The Amended Credit Facility and Amended Term Loan are collateralized by the Company’s assets and equity and contain financial covenants, as well as certain business covenants, including restrictions on dividend payments, that the Company must comply with during the term of the agreement. The Company was in compliance with all terms and agreements during and as of the years ended January 31, 2015 and February 1, 2014.

The provisions of the Amended Term Loan and the Credit Facility restrict all of the net assets of the Company’s consolidated subsidiaries, which constitutes all of the net assets on the Company’s consolidated balance sheet as of January 31, 2015, from being used to pay any dividends or make other restricted payments to the Company without prior written consent from the financial institutions party to the Company’s Amended Term Loan and Credit Facility, subject to certain exceptions.

Income Taxes

9 Months Ended

12 Months Ended

Oct. 31, 2015

Jan. 31, 2015

Income Tax Disclosure [Abstract]

Income Taxes

(5) Income taxes

The provision for income taxes is based on the current estimate of the annual effective tax rate and is adjusted as necessary for discrete events occurring in a particular period. The effective tax rates for the thirteen weeks and thirty-nine weeks ended October 31, 2015 were 36.5% and 37.5%, respectively. The effective tax rates for the thirteen weeks and thirty-nine weeks ended November 1, 2014 was 38.4%. The effective tax rate for the thirteen weeks and thirty-nine weeks ended October 31, 2015 were lower than the prior year effective tax rates primarily as a result of a discrete tax benefit related to the impact from the finalization of employment-based tax credits associated with fiscal 2014 and the impact from a slight reduction in the projected state effective rate associated with the net deferred income tax liabilities.

(6) Income taxes

The components of income tax provision (benefit) are as follows (in thousands):


	Fiscal year ended
	January 31, 2015			February 1, 2014

Current:
Federal	$	16,760		$	11,501
State		3,422			2,989

		20,182			14,490


Deferred:
Federal		(2,114	)		(2,122	)
State		(1,305	)		(1,091	)

		(3,419	)		(3,213	)

	$	16,763		$	11,277

Deferred income taxes reflect the effect of temporary differences between the carrying amounts of the assets and liabilities for financial reporting purposes and the carrying amounts used for income tax reporting purposes. Significant components of deferred tax assets and liabilities are as follows (in thousands):


	Fiscal year ended
	January 31, 2015			February 1, 2014

Deferred tax assets:
Inventory reserves	$	858		$	794
Deferred rent		1,091			646
Stock-based compensation		3,254			1,790
Other		3,163			1,066

Total deferred tax assets		8,366			4,296


Deferred tax liabilities:
Tradename		(90,138	)		(90,540)
Depreciation		(6,250	)		(5,054)
Leases		(1,051	)		(1,062)
Noncompetition agreements		(17	)		(149)

Total deferred tax liabilities		(97,456	)		(96,805)

Net deferred tax liabilities	$	(89,090	)	$	(92,509)

A reconciliation of the statutory federal income tax rate to the Company’s effective income tax rate is as follows:


	Fiscal year ended
	January 31, 2015		February 1, 2014
Statutory federal rate		35.0%		35.0%
State taxes, net of federal benefit		3.2		4.0
Other		0.2		(2.4)

		38.4%		36.6%

In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities (including the impact of available carryback and carryforward periods), projected future taxable income, and tax-planning strategies in making this assessment. Based upon the level of historical taxable income and projections for future taxable income and the scheduled reversal of deferred liabilities over the periods in which the deferred tax assets are deductible, management believes it is more likely than not that the Company will realize the benefits of these deductible differences as of January 31, 2015 and February 1, 2014.

Ollie’s has no material accrual for uncertain tax positions or interest or penalties related to income taxes on the Company’s consolidated balance sheets as of January 31, 2015 or February 1, 2014, and has not recognized any material uncertain tax positions or interest or penalties related to income taxes in the consolidated statements of income for the fiscal years ended January 31, 2015 or February 1, 2014.

Commitments and Contingencies

9 Months Ended

12 Months Ended

Oct. 31, 2015

Jan. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

(6) Commitments and contingencies

During the thirty-nine weeks ended October 31, 2015, 27 new store leases commenced. The fully executed leases have initial terms typically between five to seven years with options to renew for two or three successive five-year periods. The initial terms of these new store leases have future minimum lease payments totaling approximately $30.6 million.

From time to time we may be involved in claims and legal actions that arise in the ordinary course of our business. We cannot predict the outcome of any litigation or suit that we are party to. However, we do not believe that an unfavorable decision of any of the current claims or legal actions against us, individually or in the aggregate, will have a material adverse effect on our financial position, results of operations, liquidity or capital resources.

(7) Commitments and contingencies

Ollie’s leases all of its store, office, and distribution facilities under operating leases that expire at various dates through 2031. These leases generally provide for fixed annual rentals; however, several provide for minimum annual rentals plus contingent rentals based on a percentage of annual sales. A majority of the Company’s leases also require a payment for all or a portion of insurance, real estate taxes, water and sewer costs, and repairs, the cost of which is charged to the related expense category rather than being accounted for as rent expense. Most of the leases contain multiple renewal options, under which Ollie’s may extend the lease terms for five years. Minimum rents on operating leases, including agreements with step rents, are charged to expense on a straight-line basis over the lease term.

Rent expense on all operating leases consisted of the following (in thousands):


	Fiscal year ended
	January 31, 2015		February 1, 2014
Minimum annual rentals	$	28,707	$	25,133
Contingent rentals		78		140

	$	28,785	$	25,273

The following is a schedule by year of future minimum rental payments required under non-cancelable operating leases, including option renewal periods that are reasonably assured, that have initial or remaining lease terms in excess of one year as of January 31, 2015 (in thousands):


Fiscal year ending:
January 30, 2016	$	34,334
January 28, 2017		33,297
February 3, 2018		31,622
February 2, 2019		29,177
February 1, 2020		24,264
Thereafter		69,666

Total minimum lease payments	$	222,360

Ollie’s is subject to litigation in the normal course of business. The Company does not believe such actions, either individually or collectively, will have a significant impact on Ollie’s financial position or results of operations.

Equity Incentive Plan

9 Months Ended

12 Months Ended

Oct. 31, 2015

Jan. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Equity Incentive Plan

(7) Equity incentive Plans

During 2012, Ollie’s established an equity incentive plan (the “2012 Plan”), under which stock options were granted to executive officers and key employees as deemed appropriate under the provisions of the 2012 Plan, with an exercise price at the fair value of the underlying stock on the date of grant. The vesting period for options granted under the 2012 Plan is five years (20% ratably per year). Options granted under the 2012 Plan are subject to employment for vesting, expire 10 years from the date of grant, and are not transferable other than upon death. As of July 15, 2015, the date of the pricing of the IPO, no additional equity grants will be made under the 2012 Plan.

In connection with the IPO, the Company adopted the 2015 equity incentive plan (the “2015 Plan”) pursuant to which the Company’s Board of Directors may grant stock options, restricted shares or other awards to employees, directors and consultants. The 2015 Plan allows for the issuance of up to 5,250,000 shares. Awards will be made pursuant to agreements and may be subject to vesting and other restrictions as determined by the Board of Directors or the Compensation Committee. The exercise price for stock options is determined at the fair value on the underlying stock on the date of grant. The vesting period for awards granted under the 2015 Plan is generally set at four years (25% ratably per year). Awards are subject to employment for vesting, expire 10 years from the date of grant, and are not transferable other than upon death. The Company uses authorized and unissued shares to satisfy share award exercises. As of October 31, 2015, there were 4,681,800 shares available for grant under the 2015 Plan.

A summary of the Company’s stock option activity and related information for the thirty-nine weeks ended October 31, 2015, is as follows:


	Number of options			Weighted average exercise price		Weighted average remaining contractual term (years)
Outstanding at January 31, 2015		6,010,475		$	6.66
Granted		1,353,500			13.47
Forfeited		(43,550	)		6.81
Exercised		(54,300	)		6.57

Outstanding at October 31, 2015		7,266,125			7.93	7.6

Exercisable at October 31, 2015		3,144,525			6.54	7.0

Pursuant to the anti-dilutive clause in the 2012 Plan, the option exercise price for all options issued prior to the May 27, 2015 dividend were reduced. The exercise prices in the above table have been adjusted retroactively to reflect the reductions.

The compensation cost which has been recorded within selling, general and administrative expenses for the Company’s equity incentive plans was $1.4 million and $3.7 million for the thirteen and thirty-nine weeks ended October 31, 2015, respectively and $1.0 million and $2.9 million for the thirteen weeks and thirty-nine weeks ended November 1, 2014, respectively.

As of October 31, 2015, there was $14.9 million of total unrecognized compensation cost related to non-vested stock-based compensation arrangements. That cost is expected to be recognized over a weighted average period of 3.1 years as of October 31, 2015. Awards with graded vesting are recognized using the straight-line method.

Determining the appropriate fair value of stock-based awards requires the input of subjective assumptions, including the fair value of the Company’s common stock and for stock options, the expected life of the option and expected stock price volatility. The Company uses the Black-Scholes option pricing model to value its stock option awards. The assumptions used in calculating the fair value of stock-based awards represent management’s best estimates and involve inherent uncertainties and the application of management’s judgment. As a result, if factors change and management uses different assumptions, stock-based compensation expense could be materially different for future awards.

The expected life of stock options was estimated using the “simplified method,” as the Company has no historical information to develop reasonable expectations about future exercise patterns and post-vesting employment termination behavior for its stock option grants. The simplified method is based on the average of the vesting tranches and the contractual life of each grant. For stock price volatility, the Company uses comparable public companies as a basis for its expected volatility to calculate the fair value of option grants. The risk-free interest rate is based on U.S. Treasury notes with a term approximating the expected life of the option.

The weighted average grant date fair value per option for options granted during the thirty-nine weeks ended October 31, 2015 and November 1, 2014 was $5.03 and $3.52, respectively. The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model that used the weighted average assumptions in the following table:


	Thirty-nine weeks ended
	October 31, 2015		November 1, 2014
Risk-free interest rate		1.99%		2.08%
Expected dividend yield		—		—
Expected term (years)		6.4 years		6.5 years
Expected volatility		31.67%		32.50%

(8) Equity incentive plan

During 2012, Ollie’s established an equity incentive plan (the 2012 Plan), under which stock options are granted to executive officers and key employees as deemed appropriate under the provisions of the 2012 Plan, with an exercise price at the fair value of the underlying stock on the date of grant. The vesting period for options is five years (20% ratably per year). Options granted under the 2012 Plan are subject to employment for vesting, expire 10 years from the date of grant, and are not transferable other than upon death. The Company uses authorized and unissued shares to satisfy share award exercise. As of January 31, 2015 and February 1, 2014 there were 1,596,890 shares and 2,321,390 shares, respectfully, of the Company’s common stock available for grant under the 2012 plan.

A summary of the Company’s stock option activity and related information follows for the fiscal years ended January 31, 2015 and February 1, 2014 (in thousands, except share and per share amounts):


	Number of options			Weighted average exercise price		Weighted average remaining contractual term (years)	Aggregate intrinsic value
Outstanding at January 2, 2013		5,152,575		$	8.70
Granted		379,500			8.70
Forfeited		(253,000	)		8.70

Outstanding at February 1, 2014		5,279,075			8.70
Granted		920,000			9.17
Forfeited		(188,600	)		7.88

Outstanding at January 31, 2015		6,010,475			7.68	7.9	$23,691

Exercisable at January 31, 2015		2,010,890			7.50	7.7	$8,291

The compensation cost which has been recorded within selling, general & administrative expense for the Company’s equity incentive plan was $3.8 million and $3.4 million for fiscal years 2014 and 2013, respectively. The Company recognized $1.4 million and $1.3 million in income tax benefit in the fiscal years 2014 and 2013, respectively consolidated statements of income for share-based award compensation.

As of January 31, 2015 and February 1, 2014, there was $11.8 million and $12.8 million, respectively, of total unrecognized compensation cost related to non-vested stock-based compensation arrangements granted under the 2012 Plan. That cost is expected to be recognized over a weighted average period of 3.9 years and 4.2 years as of January 31, 2015 and February 1, 2014, respectively. Awards with graded vesting are recognized using the straight-line method.

In April 2014 the Company entered into an additional term loan borrowing of $60.0 million. The proceeds were used for a one-time cash dividend to the stockholders of the Company (see Note 5). In lieu of a pro-rata share of the one-time cash dividend, the option exercise price was reduced to $7.49 from $8.70 for all options issued prior to the dividend declaration date. The 2012 Plan includes provisions that require equitable adjustment to the outstanding option awards in the event of certain equity transactions including stock splits, recapitalizations, or dividends, among others, therefore the revision to the exercise price had no accounting impact.

Determining the appropriate fair value of stock-based awards requires the input of subjective assumptions, including the fair value of the Company’s common stock and for stock options, the expected life of the option and expected stock price volatility. The Company uses the Black-Scholes option pricing model to value its stock option awards. The assumptions used in calculating the fair value of stock-based awards represent management’s best estimates and involve inherent uncertainties and the application of management’s judgement. As a result, if factors change and management uses different assumptions, stock-based compensation expense could be materially different for future awards.

The expected life of stock options was estimated using the “simplified method,” as the Company has no historical information to develop reasonable expectations about future exercise patterns and post-vesting employment termination behavior for its stock option grants. The simplified method is based on the average of the vesting tranches and the contractual life of each grant. Since the Company’s shares are not publicly traded, for stock price volatility, the Company uses comparable public companies as a basis for its expected volatility to calculate the fair value of option grants. The risk-free interest rate is based on U.S. Treasury notes with a term approximating the expected life of the option.

The weighted average grant date fair value per option for options granted during the fiscal years ended January 31, 2015 and February 1, 2014 was $3.57 and $3.38, respectively. The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model that used the weighted average assumptions in the following table:


	Fiscal year ended
	January 31, 2015		February 1, 2014
Risk-free interest rate		2.22%		1.54%
Expected dividend yield		—		—
Expected term (years)		6.5 years		6.5 years
Expected volatility		34.80%		36.35%

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Jan. 31, 2015
Postemployment Benefits [Abstract]
Employee Benefit Plans	(9) Employee benefit plans Ollie’s sponsors a defined contribution plan, qualified under Internal Revenue Code (IRC) Section 401(k), for the benefit of employees. An employee becomes eligible to participate in the Plan upon attaining at least 21 years of age and completing three months of full-time employment. An employee may elect to contribute annual compensation up to the maximum allowable under the IRC. The Company assumes all administrative costs of the Plan and matches the employee’s contribution up to 25% of the first 6% of their annual compensation. The portion that the Company matches is vested ratably over six years. The employer matching contributions to the Plan were $0.2 million for the fiscal years ended January 31, 2015 and February 1, 2014. In addition to the regular matching contribution, the Company may elect to make a discretionary matching contribution. Discretionary contributions shall be allocated as a percentage of compensation of eligible participants for the Plan year. Discretionary contributions were $0.3 million and $0.2 million for the fiscal years ended January 31, 2015 and February 1, 2014, respectively.

Common Stock	12 Months Ended
Common Stock	Jan. 31, 2015
Equity [Abstract]
Common Stock	(10) Common stock The Company and its shareholders have entered into a Stockholders Agreement, which provide for, among others, certain covenants and conditions, information, first refusal, take along, come along and rights of participation. Under the terms of Ollie’s Stockholder Agreement dated September 28, 2012, Ollie’s has an option to purchase all of the share of common stock upon termination of employment. Class A stockholders are entitled to one vote for each share of common stock held by such holder. Holders of Class B Common Stock are not entitled to any voting rights. During the fiscal year ended January 31, 2015, the company repurchased 2,875 Class A common stock shares from a shareholder for $9.99 per share. The Company records the value of its common stock held in treasury at cost.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Number Topic 4
-Section E

Reference 15: http://www.xbrl.org/2003/role/presentationRef
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-Name Staff Accounting Bulletin (SAB)
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+ Details

Transactions with Related Parties	9 Months Ended	12 Months Ended
Transactions with Related Parties	Oct. 31, 2015	Jan. 31, 2015
Related Party Transactions [Abstract]
Transactions with Related Parties	(8) Transactions with related parties The Company has entered into five non-cancelable operating leases with related parties for office and store locations. Ollie’s has made $0.9 million in rent payments to such related parties during the thirty-nine weeks ended October 31, 2015 and during the thirty-nine weeks ended November 1, 2014. During the thirty-nine weeks ended October 31, 2015 and November 1, 2014, the Company paid $0.1 million for the use of an airplane owned by a related party.	(11) Transactions with related parties The Company has entered into five non-cancelable operating leases with related parties for office and store locations. The annual lease payments approximate $1.2 million and such payments are payable through 2023.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

Segment Reporting

12 Months Ended

Jan. 31, 2015

Segment Reporting [Abstract]

Segment Reporting

(12) Segment reporting

For purposes of the disclosure requirements for segments of a business enterprise, it has been determined that the Company is comprised of one operating segment.

The following table summarizes the percentage of net sales by merchandise category for each year presented:


	Fiscal year ended
	January 31, 2015			February 1, 2014
Housewares		14.7	%		14.8	%
Food		12.5			9.0
Books and stationery		10.9			12.0
Bed and bath		10.1			9.9
Floor coverings		9.6			10.7
Toys		5.1			6.2
Hardware		5.1			5.5
Other		32.0			31.9

		100.0	%		100.0	%

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Schedule I-Condensed Financial Information of Registrant Ollie's Bargain Outlet Holdings, Inc. (Parent Company Only)

12 Months Ended

Jan. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule I-Condensed Financial Information of Registrant Ollie's Bargain Outlet Holdings, Inc. (Parent Company Only)

Schedule I—Condensed Financial Information of Registrant

Ollie’s Bargain Outlet Holdings, Inc. (parent company only)

Condensed Balance Sheets

(In thousands)


	January 31, 2015			February 1, 2014

Assets

Total current assets	$	—		$	—
Long-term assets:
Investment in subsidiaries		416,835			444,139

Total assets	$	416,835		$	444,139


Liabilities and stockholders’ equity
Total current liabilities	$	—		$	—
Total long-term liabilities		—			—

Total liabilities		—			—

Stockholders’ equity:
Common stock		48			48
Additional paid-in capital		393,078			423,668
Retained earnings		23,738			20,423
Treasury stock, at cost		(29	)		—

Total stockholders’ equity		416,835			444,139

Total liabilities and stockholders’ equity	$	416,835		$	444,139

See accompanying notes.

Schedule I—Condensed Financial Information of Registrant

Ollie’s Bargain Outlet Holdings, Inc. (parent company only)

Condensed Statements of Income

(In thousands)


	Fiscal year ended
	January 31, 2015		February 1, 2014
Net sales	$	—	$	—
Cost of sales		—		—

Gross profit		—		—
Selling, general and administrative expenses		—		—
Depreciation and amortization expenses		—		—
Pre-opening expenses		—		—

Operating income		—		—
Interest expense, net		—		—

Income before income taxes and equity in net income of subsidiaries		—		—
Income tax expense		—		—

Income before equity in net income of subsidiaries		—		—
Net income of subsidiaries		26,915		19,541

Net income	$	26,915	$	19,541

See accompanying notes.

Schedule I—Condensed Financial Information of Registrant

Ollie’s Bargain Outlet Holdings, Inc. (parent company only)

Notes to Condensed Financial Statements

1. Basis of presentation

In the parent-company-only financial statements, Ollie’s Bargain Outlet Holdings, Inc.’s (the Company) investment in subsidiaries is stated at cost plus equity in undistributed earnings of subsidiaries since the date of acquisition. The parent-company-only financial statements should be read in conjunction with the Company’s consolidated financial statements. A condensed statement of cash flows was not presented because Ollie’s Bargain Outlet Holdings, Inc. had no cash flow activities during fiscal 2014 or fiscal 2013.

2. Guarantees and restrictions

Ollie’s Bargain Outlet, Inc., a subsidiary of the Company, had $324.1 million outstanding under Amended Term Loan, as of January 31, 2015. Under the terms of the Amended Term Loan Agreement, Bargain Parent, Inc. has guaranteed the payment of all principal and interest. In the event of a default under the Senior Secured Credit Facilities, Bargain Parent, Inc. will be directly liable to the debt holders. The Amended Term Loan Agreement matures on September 28, 2019.

As of January 31, 2015, Ollie’s Bargain Outlet, Inc. also has $73.5 million available for borrowing under the Revolving Credit Facility. Bargain Parent, Inc. has guaranteed all obligations under the Revolving Credit Facility. In the event of default under the Revolving Credit Facility, Bargain Parent, Inc. will be directly liable to the debt holders. The Revolving Credit Facility matures on September 28, 2019.

The Amended Credit Facility and Amended Term Loan Agreements are collateralized by the Company’s assets and equity and contain financial covenants, as well as certain business covenants, including restrictions on dividend payments, that the Company must comply with during the term of such agreements. The Company was in compliance with all terms of such agreements during and as of the years ended January 31, 2015 and February 1, 2014.

The provisions of the Amended Term Loan Agreement and the Credit Facility restrict all of the net assets of the Company’s consolidated subsidiaries, which constitutes all of the net assets on the Company’s consolidated balance sheet as of January 31, 2015, from being used to pay any dividends or make other restricted payments to the Company without prior written consent from the financial institutions party to the Company’s Amended Term Loan and Credit Facility Agreements, subject to certain exceptions.

Earnings per Common Share

9 Months Ended

Oct. 31, 2015

Earnings Per Share [Abstract]

Earnings per Common Share

(2) Earnings per common share

The following table summarizes those effects for the diluted net income per common share calculation (in thousands, except share and per share amounts):


	Thirteen weeks ended				Thirty-nine weeks ended
	October 31, 2015		November 1, 2014		October 31, 2015		November 1, 2014
Net income	$	6,762	$	4,851	$	19,775	$	14,907

Weighted average number of common shares outstanding—Basic		58,478,249		48,202,093		52,258,973		48,203,041
Incremental shares from the assumed exercise of outstanding stock options		2,225,337		637,897		1,842,991		212,632

Weighted average number of common shares outstanding—Diluted		60,703,586		48,839,990		54,101,964		48,415,673

Earnings per common share—Basic	$	0.12	$	0.10	$	0.38	$	0.31

Earnings per common share—Diluted	$	0.11	$	0.10	$	0.37	$	0.31

Weighted average stock option shares totaling 578,890 and 459,431 for the thirteen weeks ended October 31, 2015 and November 1, 2014, respectively, and 661,314 and 3,920,333 for the thirty-nine weeks ended October 31, 2015 and November 1, 2014, respectively were excluded from the calculation of diluted weighted average common shares outstanding because the effect would have been antidilutive.

Organization and Summary of Significant Accounting Policies (Policies)

9 Months Ended

12 Months Ended

Oct. 31, 2015

Jan. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Description of Business

(a) Description of business

Ollie’s Bargain Outlet Holdings, Inc. and Subsidiaries are collectively referenced to as the Company or Ollie’s.

For purposes of the disclosure requirements for segments of a business enterprise, it has been determined that the Company is comprised of one operating segment.

Fiscal year

(b) Fiscal year

Principles of consolidation

(c) Principles of consolidation

The consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany transactions have been eliminated in consolidation.

Use of Estimates

(d) Use of estimates

Fair value disclosures

(e) Fair value disclosures

•

Level 1 inputs are quoted prices available for identical assets and liabilities in active markets.

•

Level 3 inputs are less observable and reflect the Company’s assumptions.

(e) Fair value disclosures

Fair value is defined as the price which the Company would receive to sell an asset or pay to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date. In determining fair value, U.S. GAAP establishes a three-level hierarchy used in measuring fair value, as follows:

•

Level 1 inputs are quoted prices available for identical assets and liabilities in active markets.

•

Level 2 inputs are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets and liabilities in active markets or other inputs that are observable or can be corroborated by observable market data.

•

Level 3 inputs are less observable and reflect the Company’s assumptions.

Cash

(f) Cash

The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.

Concentration of credit risk

(g) Concentration of credit risk

Inventories

(h) Inventories

Property and equipment

(i) Property and equipment

The useful lives for the purpose of computing depreciation and amortization are as follows:



Software		3 years

Automobiles		5 years

Computer equipment		5 years

Furniture, fixtures, and equipment		7-10 years

Leasehold improvements		Lesser of lease term or useful life

Goodwill/intangible assets

(i) Goodwill/intangible assets

(j) Goodwill/intangible assets

Impairment of long-lived assets

(k) Impairment of long-lived assets

Stock-based compensation

(l) Stock-based compensation

Revenue recognition

(m) Revenue recognition


	Fiscal year ended
	January 31, 2015			February 1, 2014
Beginning balance	$	207		$	207
Provisions		27,292			24,236
Sales returns		(27,252	)		(24,236	)


Ending balance	$	247		$	207

Cost of sales

(n) Cost of sales

Cost of sales includes merchandise cost, transportation costs, inventory markdowns, shrink, and certain distribution, warehousing and storage costs, including depreciation.

Selling, general and administrative expenses

(o) Selling, general and administrative expenses

Advertising costs

(p) Advertising costs

Operating leases

(q) Operating leases

Pre-opening costs

(r) Pre-opening costs

Pre-opening costs (costs of opening new stores and distribution facilities, including grand opening promotions, payroll, travel, training, and store setup costs) are expensed as incurred.

Debt issuance costs and original issue discount

(s) Debt issuance costs and original issue discount

Self-insurance liabilities

(t) Self-insurance liabilities

Income taxes

(u) Income taxes

Supplemental cash flow information

(v) Supplemental cash flow information

Earnings per common share

(w) Earnings per common share

The following table summarizes those effects for the diluted net income per common share calculation (in thousands, except share and per share amounts):


	Fiscal year ended
	January 31, 2015		February 1, 2014
Net income	$	26,915	$	19,541

Weighted average number of common shares outstanding–Basic		48,202,480		48,519,420
Incremental shares from the assumed exercise of outstanding stock options		406,870		—

Weighted average number of common shares outstanding–Diluted		48,609,350		48,519,420

Earnings per common share–Basic	$	0.56	$	0.40

Earnings per common share–Diluted	$	0.55	$	0.40

Recent accounting pronouncements

(j) Recently issued accounting pronouncements

Contracts with customers

Deferred taxes

(x) Recent accounting pronouncements

Reclassification

(y) Reclassification

Certain prior-year amounts have been reclassified to conform to current-year presentation.

Stock split

(g) Stock split

(z) Stock split

Unaudited pro forma net income per common share

(aa) Unaudited pro forma net income per common share

The following table provides a reconciliation of historical weighted average common shares outstanding to unaudited pro forma weighted average common shares outstanding:


	Fiscal year ended January 31, 2015
Weighted average common shares outstanding–basic		48,202,480
Incremental shares from assumed IPO related to dividends in excess of earnings		5,021,350

Pro forma weighted average common shares outstanding–basic		53,223,830
Incremental shares from the assumed exercise of outstanding stock options		406,870

Unaudited pro forma weighted average common shares outstanding–diluted		53,630,700

Basis of Presentation

(c) Basis of presentation

For purposes of the disclosure requirements for segments of a business enterprise, it has been determined that the Company is comprised of one operating segment.

Supplemental Cash Flow Information

(f) Supplemental cash flow information

Initial Public Offering

(h) Initial public offering

Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Useful Lives for Purpose of Computing Depreciation and Amortization

The useful lives for the purpose of computing depreciation and amortization are as follows:



Software		3 years

Automobiles		5 years

Computer equipment		5 years

Furniture, fixtures, and equipment		7-10 years

Leasehold improvements		Lesser of lease term or useful life

Reconciliation of Activity Related to Sales Returns Allowance

The following table provides a reconciliation of the activity related to the Company’s sales returns allowance (in thousands):


	Fiscal year ended
	January 31, 2015			February 1, 2014
Beginning balance	$	207		$	207
Provisions		27,292			24,236
Sales returns		(27,252	)		(24,236	)


Ending balance	$	247		$	207

Reconciliation of Historical Weighted Average Common Shares Outstanding to Unaudited Pro Forma Weighted Average Common Shares Outstanding

The following table provides a reconciliation of historical weighted average common shares outstanding to unaudited pro forma weighted average common shares outstanding:


	Fiscal year ended January 31, 2015
Weighted average common shares outstanding–basic		48,202,480
Incremental shares from assumed IPO related to dividends in excess of earnings		5,021,350

Pro forma weighted average common shares outstanding–basic		53,223,830
Incremental shares from the assumed exercise of outstanding stock options		406,870

Unaudited pro forma weighted average common shares outstanding–diluted		53,630,700

Earnings per Common Share (Tables)

9 Months Ended

12 Months Ended

Oct. 31, 2015

Jan. 31, 2015

Earnings Per Share [Abstract]

Summary of Effects for Diluted Net Income per Common Share Calculation

The following table summarizes those effects for the diluted net income per common share calculation (in thousands, except share and per share amounts):


	Thirteen weeks ended				Thirty-nine weeks ended
	October 31, 2015		November 1, 2014		October 31, 2015		November 1, 2014
Net income	$	6,762	$	4,851	$	19,775	$	14,907

Weighted average number of common shares outstanding—Basic		58,478,249		48,202,093		52,258,973		48,203,041
Incremental shares from the assumed exercise of outstanding stock options		2,225,337		637,897		1,842,991		212,632

Weighted average number of common shares outstanding—Diluted		60,703,586		48,839,990		54,101,964		48,415,673

Earnings per common share—Basic	$	0.12	$	0.10	$	0.38	$	0.31

Earnings per common share—Diluted	$	0.11	$	0.10	$	0.37	$	0.31

The following table summarizes those effects for the diluted net income per common share calculation (in thousands, except share and per share amounts):


	Fiscal year ended
	January 31, 2015		February 1, 2014
Net income	$	26,915	$	19,541

Weighted average number of common shares outstanding–Basic		48,202,480		48,519,420
Incremental shares from the assumed exercise of outstanding stock options		406,870		—

Weighted average number of common shares outstanding–Diluted		48,609,350		48,519,420

Earnings per common share–Basic	$	0.56	$	0.40

Earnings per common share–Diluted	$	0.55	$	0.40

Property and Equipment (Tables)

12 Months Ended

Jan. 31, 2015

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment consists of the following (in thousands):


	Fiscal year ended
	January 31, 2015			February 1, 2014
Furniture, fixtures, and equipment	$	45,770		$	33,100
Leasehold improvements		6,336			5,285
Automobiles		1,223			997


		53,329			39,382
Less accumulated depreciation		(19,403	)		(11,447	)

	$	33,926		$	27,935

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Jan. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Other Intangible Assets

Goodwill and other intangible assets consist of the following (in thousands):


	Fiscal year ended
	January 31, 2015			February 1, 2014

Non-amortizing intangible assets:
Goodwill	$	444,850		$	444,850
Tradename		230,402			230,402

Amortizing intangible assets:
Favorable leases		4,085			4,111
Noncompetition agreements		—			806
Customer database		198			198

Accumulated amortization:
Favorable leases		(906	)		(532	)
Noncompetition agreements		—			(537	)
Customer database		(154	)		(89	)

	$	678,475		$	679,209

Schedule of Estimated Amortization Expense of Intangible Assets

Estimated amortization expense of intangible assets during the next five fiscal years and thereafter is shown below (in thousands):



Fiscal year ending:
January 30, 2016	$	429
January 28, 2017		376
February 3, 2018		338
February 2, 2019		335
February 1, 2020		309
Thereafter		1,436

Total remaining amortization	$	3,223

Accrued Expenses (Tables)

9 Months Ended

12 Months Ended

Oct. 31, 2015

Jan. 31, 2015

Payables and Accruals [Abstract]

Schedule of Accrued Expenses

Accrued expenses consists of the following (in thousands):


	October 31, 2015		November 1, 2014		January 31, 2015
Accrued compensation and benefits	$	9,350	$	7,450	$	8,307
Sales and use taxes		2,538		1,970		1,273
Accrued real estate related		2,271		1,495		1,631
Accrued insurance		3,091		2,156		2,134
Accrued advertising		2,811		2,289		3,421
Accrued interest		259		3,964		178
Accrued freight		3,428		3,551		2,766
Other		7,573		6,020		7,930

	$	31,321	$	28,895	$	27,640

Accrued expenses consists of the following (in thousands):


	Fiscal year ended
	January 31, 2015		February 1, 2014
Accrued compensation and benefits	$	8,307	$	5,948
Sales and use taxes		1,273		1,245
Accrued real estate related		1,631		1,170
Accrued insurance		2,134		1,992
Accrued advertising		3,421		3,342
Accrued interest		178		3,663
Accrued freight		2,766		1,623
Other		7,930		6,494

	$	27,640	$	25,477

Debt Obligations and Financing Arrangements (Tables)

9 Months Ended

12 Months Ended

Oct. 31, 2015

Jan. 31, 2015

Debt Disclosure [Abstract]

Schedule Of Long-term Debt

Long-term debt consists of the following (in thousands):


	October 31, 2015			November 1, 2014			January 31, 2015
Term loan	$	212,377		$	321,969		$	321,287
Capital leases		70			—			—

Total debt		212,447			321,969			321,287
Less: current portion		(3,367	)		(3,350	)		(7,794	)

Long—term debt	$	209,080		$	318,619		$	313,493

Long-term debt consists of the following (in thousands):


	Fiscal year ended
	January 31, 2015			February 1, 2014
Term loan	$	321,287		$	268,479
Less: current portion		(7,794	)		(7,012	)

Long-term debt	$	313,493		$	261,467

Scheduled Principal Payments of Debt

As of January 31, 2015, the scheduled principal payments of debt are as follows (in thousands):


Fiscal year ending:
January 30, 2016	$	7,794
January 28, 2017		3,350
February 3, 2018		3,350
February 2, 2019		3,350
February 1, 2020		306,231
Thereafter		—

Total cash principal payments		324,075
Less: Unamortized original issue discount		(2,788	)

Total cash principal payments, net	$	321,287

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

Income Taxes (Tables)

12 Months Ended

Jan. 31, 2015

Income Tax Disclosure [Abstract]

Components of Income Tax Provision (Benefit)

The components of income tax provision (benefit) are as follows (in thousands):


	Fiscal year ended
	January 31, 2015			February 1, 2014

Current:
Federal	$	16,760		$	11,501
State		3,422			2,989

		20,182			14,490


Deferred:
Federal		(2,114	)		(2,122	)
State		(1,305	)		(1,091	)

		(3,419	)		(3,213	)

	$	16,763		$	11,277

Components of Deferred Tax Assets and Liabilities

Significant components of deferred tax assets and liabilities are as follows (in thousands):


	Fiscal year ended
	January 31, 2015			February 1, 2014

Deferred tax assets:
Inventory reserves	$	858		$	794
Deferred rent		1,091			646
Stock-based compensation		3,254			1,790
Other		3,163			1,066

Total deferred tax assets		8,366			4,296


Deferred tax liabilities:
Tradename		(90,138	)		(90,540)
Depreciation		(6,250	)		(5,054)
Leases		(1,051	)		(1,062)
Noncompetition agreements		(17	)		(149)

Total deferred tax liabilities		(97,456	)		(96,805)

Net deferred tax liabilities	$	(89,090	)	$	(92,509)

Reconciliation of Effective Income Tax Rate

A reconciliation of the statutory federal income tax rate to the Company’s effective income tax rate is as follows:


	Fiscal year ended
	January 31, 2015		February 1, 2014
Statutory federal rate		35.0%		35.0%
State taxes, net of federal benefit		3.2		4.0
Other		0.2		(2.4)

		38.4%		36.6%

Commitments and Contingencies (Tables)

12 Months Ended

Jan. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Schedule of Rent Expense

Rent expense on all operating leases consisted of the following (in thousands):


	Fiscal year ended
	January 31, 2015		February 1, 2014
Minimum annual rentals	$	28,707	$	25,133
Contingent rentals		78		140

	$	28,785	$	25,273

Schedule of Future Minimum Rental Payments for Operating Leases


Fiscal year ending:
January 30, 2016	$	34,334
January 28, 2017		33,297
February 3, 2018		31,622
February 2, 2019		29,177
February 1, 2020		24,264
Thereafter		69,666

Total minimum lease payments	$	222,360

Equity Incentive Plan (Tables)

9 Months Ended

12 Months Ended

Oct. 31, 2015

Jan. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Stock Option Activity and Related Information

A summary of the Company’s stock option activity and related information for the thirty-nine weeks ended October 31, 2015, is as follows:


	Number of options			Weighted average exercise price		Weighted average remaining contractual term (years)
Outstanding at January 31, 2015		6,010,475		$	6.66
Granted		1,353,500			13.47
Forfeited		(43,550	)		6.81
Exercised		(54,300	)		6.57

Outstanding at October 31, 2015		7,266,125			7.93	7.6

Exercisable at October 31, 2015		3,144,525			6.54	7.0

A summary of the Company’s stock option activity and related information follows for the fiscal years ended January 31, 2015 and February 1, 2014 (in thousands, except share and per share amounts):


	Number of options			Weighted average exercise price		Weighted average remaining contractual term (years)	Aggregate intrinsic value
Outstanding at January 2, 2013		5,152,575		$	8.70
Granted		379,500			8.70
Forfeited		(253,000	)		8.70

Outstanding at February 1, 2014		5,279,075			8.70
Granted		920,000			9.17
Forfeited		(188,600	)		7.88

Outstanding at January 31, 2015		6,010,475			7.68	7.9	$23,691

Exercisable at January 31, 2015		2,010,890			7.50	7.7	$8,291

Summary of Weighted Average Assumptions

The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model that used the weighted average assumptions in the following table:


	Thirty-nine weeks ended
	October 31, 2015		November 1, 2014
Risk-free interest rate		1.99%		2.08%
Expected dividend yield		—		—
Expected term (years)		6.4 years		6.5 years
Expected volatility		31.67%		32.50%

The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model that used the weighted average assumptions in the following table:


	Fiscal year ended
	January 31, 2015		February 1, 2014
Risk-free interest rate		2.22%		1.54%
Expected dividend yield		—		—
Expected term (years)		6.5 years		6.5 years
Expected volatility		34.80%		36.35%

Segment Reporting (Tables)

12 Months Ended

Jan. 31, 2015

Segment Reporting [Abstract]

Percentage of Net Sales By Merchandise Category

The following table summarizes the percentage of net sales by merchandise category for each year presented:


	Fiscal year ended
	January 31, 2015			February 1, 2014
Housewares		14.7	%		14.8	%
Food		12.5			9.0
Books and stationery		10.9			12.0
Bed and bath		10.1			9.9
Floor coverings		9.6			10.7
Toys		5.1			6.2
Hardware		5.1			5.5
Other		32.0			31.9

		100.0	%		100.0	%

Organization and Summary of Significant Accounting Policies - Additional Information (Detail)									3 Months Ended			9 Months Ended		12 Months Ended
	Oct. 31, 2015 USD ($) Location States $ / shares shares	Jul. 17, 2015 $ / shares shares	Jul. 15, 2015 USD ($) shares	Jun. 17, 2015 shares	Jan. 31, 2015 USD ($) Location States $ / shares shares	Nov. 01, 2014 USD ($) Location $ / shares shares	Feb. 01, 2014 USD ($) Location $ / shares shares	Sep. 28, 2012 USD ($)	Oct. 31, 2015 USD ($) Location States $ / shares shares	May. 02, 2015 USD ($)	Nov. 01, 2014 USD ($) Location $ / shares shares	Oct. 31, 2015 USD ($) Location States $ / shares shares	Nov. 01, 2014 USD ($) Location $ / shares shares	Jan. 31, 2015 USD ($) Location States $ / shares shares	Feb. 01, 2014 USD ($) Location $ / shares shares	Feb. 02, 2013 USD ($)
Organization And Summary Of Significant Accounting Policies [Line Items]
Sole operating subsidiary acquired amount in cash								$ 700,000,000
Acquisition financed through equity method investment amount								462,600,000
Various debt financing cost								$ 250,000,000
Number of retail locations \| Location	200				176	173	154		200		173	200	173	176	154
Retail locations currently located states \| States	17				16				17			17		16
Impairment of goodwill	$ 0				$ 0	$ 0	$ 0
Allowance for returns					247,000		207,000							$ 247,000	$ 207,000	$ 207,000
Advertising expense														23,100,000	19,700,000
Debt issuance costs, net of accumulated amortization					6,100,000		6,800,000							6,100,000	6,800,000
Amortization of debt issuance costs					$ 1,300,000		1,400,000							1,300,000	1,400,000
Write-off of debt issuance costs														600,000	1,100,000
Amortization of original issue discount														800,000	1,400,000
Capital expenditures incurred but not yet paid	$ 800,000					$ 500,000								$ 400,000	$ 500,000
Antidilutive securities excluded from computation of earnings per share \| shares									578,890		459,431	661,314	3,920,333	2,971,140	5,230,200
Common stock, Stock split \| shares				115
Common stock, Shares authorized \| shares	500,000,000				0	0			500,000,000		0	500,000,000	0	0
Dividends paid										$ 48,800,000				$ 58,000,000
Net income									$ 6,762,000	$ 6,700,000	$ 4,851,000	$ 19,775,000	$ 14,907,000	$ 26,915,000	$ 19,541,000
Dividends declared period										2015-05
Common stock, Par value \| $ / shares	$ 0.001				$ 0.001	$ 0.001			$ 0.001		$ 0.001	$ 0.001	$ 0.001	$ 0.001
Preferred stock, Shares authorized \| shares	50,000,000				0	0			50,000,000		0	50,000,000	0	0
Preferred stock, Par value \| $ / shares	$ 0.001				$ 0.001	$ 0.001			$ 0.001		$ 0.001	$ 0.001	$ 0.001	$ 0.001
Trade Names [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Impairment of intangible assets	$ 0				$ 0	$ 0	$ 0
Common Stock Class A [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Common stock, Shares authorized \| shares	0			85,000,000	85,000,000	85,000,000	85,000,000		0		85,000,000	0	85,000,000	85,000,000	85,000,000
Common stock, Par value \| $ / shares	$ 0.001				$ 0.001	$ 0.001	$ 0.001		$ 0.001		$ 0.001	$ 0.001	$ 0.001	$ 0.001	$ 0.001
Common Stock Class B [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Common stock, Shares authorized \| shares	0			8,750,000	8,750,000	8,750,000	8,750,000		0		8,750,000	0	8,750,000	8,750,000	8,750,000
Common stock, Par value \| $ / shares	$ 0.001				$ 0.001	$ 0.001	$ 0.001		$ 0.001		$ 0.001	$ 0.001	$ 0.001	$ 0.001	$ 0.001
State and Local Jurisdiction [Member] \| Minimum [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Limitation and remain subject to examination for varying periods														3 years
State and Local Jurisdiction [Member] \| Maximum [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Limitation and remain subject to examination for varying periods														4 years
Common Stock [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Shares issued during period, Shares \| shares		10,263,750										10,263,750
Shares issued price per share \| $ / shares		$ 16.00
IPO [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Common stock, Shares authorized \| shares	500,000,000								500,000,000			500,000,000
Shares issued during period, Shares \| shares			8,925,000
Net proceeds after deducting underwriting fees			$ 153,100,000
Underwriting fees			$ 11,100,000
Common stock, Par value \| $ / shares	$ 0.001								$ 0.001			$ 0.001
Preferred stock, Shares authorized \| shares	50,000,000								50,000,000			50,000,000
Preferred stock, Par value \| $ / shares	$ 0.001								$ 0.001			$ 0.001
Over-Allotment Option [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Shares issued during period, Shares \| shares		1,338,750

Organization and Summary of Significant Accounting Policies - Useful Lives for Purpose of Computing Depreciation and Amortization (Detail)	12 Months Ended
	Jan. 31, 2015
Software [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	3 years
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	5 years
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	5 years
Furniture, fixtures, and equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	7 years
Furniture, fixtures, and equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	10 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	Lesser of lease term or useful life

Organization and Summary of Significant Accounting Policies - Reconciliation of Activity Related to Sales Returns Allowance (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014
Regulatory Assets [Abstract]
Beginning balance	$ 207	$ 207
Provisions	27,292	24,236
Sales returns	(27,252)	(24,236)
Ending balance	$ 247	$ 207

Earnings per Common Share - Summary of Effects for Diluted Net Income per Common Share Calculation (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Oct. 31, 2015	May. 02, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014	Jan. 31, 2015	Feb. 01, 2014
Earnings Per Share [Abstract]
Net income	$ 6,762	$ 6,700	$ 4,851	$ 19,775	$ 14,907	$ 26,915	$ 19,541
Weighted average number of common shares outstanding-Basic	58,478,249		48,202,093	52,258,973	48,203,041	48,202,480	48,519,420
Incremental shares from the assumed exercise of outstanding stock options	2,225,337		637,897	1,842,991	212,632	406,870
Weighted average number of common shares outstanding-Diluted	60,703,586		48,839,990	54,101,964	48,415,673	48,609,350	48,519,420
Earnings per common share-Basic	$ 0.12		$ 0.10	$ 0.38	$ 0.31	$ 0.56	$ 0.40
Earnings per common share-Diluted	$ 0.11		$ 0.10	$ 0.37	$ 0.31	$ 0.55	$ 0.40

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Organization and Summary of Significant Accounting Policies - Reconciliation of Historical Weighted Average Common Shares Outstanding to Unaudited Pro Forma Weighted Average Common Shares Outstanding (Detail) - shares	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014	Jan. 31, 2015	Feb. 01, 2014
Weighted Average Shares Used In Computing Earnings Per Share [Line Items]
Weighted average common shares outstanding-basic	58,478,249	48,202,093	52,258,973	48,203,041	48,202,480	48,519,420
Pro forma weighted average common shares outstanding-basic	0	0	0	0	53,223,830	0
Incremental shares from assumed IPO related to dividends in excess of earnings	2,225,337	637,897	1,842,991	212,632	406,870
Unaudited pro forma weighted average common shares outstanding-diluted	0	0	0	0	53,630,700	0
IPO [Member]
Weighted Average Shares Used In Computing Earnings Per Share [Line Items]
Incremental shares from assumed IPO related to dividends in excess of earnings					5,021,350

Property and Equipment - Schedule of Property and Equipment (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014	Feb. 01, 2014
Property, Plant and Equipment [Line Items]
Property, plant and equipment		$ 53,329		$ 39,382
Less accumulated depreciation	$ (25,924)	(19,403)	$ (17,331)	(11,447)
Property, plant and equipment, net	$ 38,726	33,926	$ 34,379	27,935
Furniture, fixtures, and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment		45,770		33,100
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment		6,336		5,285
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment		$ 1,223		$ 997

Property and Equipment - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 8.1	$ 8.1
Depreciation And Amortization Expenses [Member]
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 6.7	$ 7.0

Goodwill and Other Intangible Assets - Schedule of Goodwill and Other Intangible Assets (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014	Feb. 01, 2014
Goodwill And Other Intangible Assets [Line Items]
Goodwill	$ 444,850	$ 444,850	$ 444,850	$ 444,850
Tradename		230,402		230,402
Finite lived intangible assets, accumulated depreciation	$ (1,196)	(1,060)	$ (969)
Intangible Assets, Net (Including Goodwill)		678,475		679,209
Favorable Leases [Member]
Goodwill And Other Intangible Assets [Line Items]
Finite lived intangible assets, gross		4,085		4,111
Finite lived intangible assets, accumulated depreciation		(906)		(532)
Noncompetition Agreements [Member]
Goodwill And Other Intangible Assets [Line Items]
Finite lived intangible assets, gross				806
Finite lived intangible assets, accumulated depreciation				(537)
Customer Database [Member]
Goodwill And Other Intangible Assets [Line Items]
Finite lived intangible assets, gross		198		198
Finite lived intangible assets, accumulated depreciation		$ (154)		$ (89)

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Jan. 31, 2015	Feb. 01, 2014
Goodwill And Other Intangible Assets [Line Items]
Amortization expense of intangible assets	$ 334	$ 617	$ 734	$ 1,387
Favorable Leases [Member]
Goodwill And Other Intangible Assets [Line Items]
Amortization expense of intangible assets			$ 400	$ 400
Finite-Lived Intangible Assets, Remaining Amortization Period			10 years 1 month 6 days	10 years 10 months 24 days
Customer Database [Member]
Goodwill And Other Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Remaining Amortization Period			8 months 12 days	1 year 8 months 12 days

Goodwill and Other Intangible Assets - Schedule of Estimated Amortization Expense of Intangible Assets (Detail) $ in Thousands	Jan. 31, 2015 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity
January 30, 2016	$ 429
January 28, 2017	376
February 3, 2018	338
February 2, 2019	335
February 1, 2020	309
Thereafter	1,436
Total remaining amortization	$ 3,223

Accrued Expenses - Schedule of Accrued Expenses (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014	Feb. 01, 2014
Payables and Accruals [Abstract]
Accrued compensation and benefits	$ 9,350	$ 8,307	$ 7,450	$ 5,948
Sales and use taxes	2,538	1,273	1,970	1,245
Accrued real estate related	2,271	1,631	1,495	1,170
Accrued insurance	3,091	2,134	2,156	1,992
Accrued advertising	2,811	3,421	2,289	3,342
Accrued interest	259	178	3,964	3,663
Accrued freight	3,428	2,766	3,551	1,623
Other	7,573	7,930	6,020	6,494
Total accrued expenses	$ 31,321	$ 27,640	$ 28,895	$ 25,477

Debt Obligations and Financing Arrangements - Schedule Of Long-term Debt (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014	Feb. 01, 2014
Debt Disclosure [Abstract]
Term loan	$ 212,377	$ 321,287	$ 321,969
Capital leases	70
Term loan	212,447	321,287	321,969	$ 268,479
Less: current portion	(3,367)	(7,794)	(3,350)	(7,012)
Long-term debt	$ 209,080	$ 313,493	$ 318,619	$ 261,467

Debt Obligations and Financing Arrangements - Scheduled Principal Payments of Debt (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014
Long-term Debt, Fiscal Year Maturity
January 30, 2016		$ 7,794
January 28, 2017		3,350
February 3, 2018		3,350
February 2, 2019		3,350
February 1, 2020		306,231
Thereafter		0
Total cash principal payments		324,075
Less: Unamortized original issue discount		(2,788)
Total cash principal payments, net	$ 212,377	$ 321,287	$ 321,969

Debt Obligations and Financing Arrangements - Additional Information (Detail)								1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 31, 2015 USD ($)	May. 27, 2015 USD ($)	Jan. 31, 2015 USD ($)	Apr. 11, 2014 USD ($)	Feb. 26, 2013 USD ($) shares	Feb. 01, 2013 USD ($)	Sep. 28, 2012 USD ($) Agreement	Jul. 31, 2015 USD ($)	Oct. 31, 2015 USD ($)	Nov. 01, 2014 USD ($)	Oct. 31, 2015 USD ($) Agreement	Nov. 01, 2014 USD ($)	Jan. 31, 2015 USD ($)	Feb. 01, 2014 USD ($)	May. 26, 2015 USD ($)
Line of Credit Facility [Line Items]
Number of credit agreements \| Agreement							2				2
Maximum borrowing capacity							$ 300,000,000
Payment of original issue discount							2,500,000
Interest expense recognized									$ 3,289,000	$ 4,754,000	$ 12,286,000	$ 13,796,000	$ 19,103,000	$ 19,341,000
Retained earnings balance as of dividend date	$ 9,597,000		$ 23,738,000						9,597,000	11,730,000	9,597,000	11,730,000	23,738,000	20,423,000
Dividend recorded as a reduction of additional paid-in capital											48,848,000	57,951,000	57,951,000
Additional Original debt issue discount			2,788,000										2,788,000
Excess cash flow payments	3,367,000		7,794,000						3,367,000	3,350,000	3,367,000	3,350,000	7,794,000	7,012,000
Borrowings under the credit agreement											444,791,000	482,464,000	674,457,000	471,891,000
Repayments on revolving credit facility											426,737,000	459,797,000	674,457,000	471,891,000
Repayments on term loan											110,092,000	6,776,000	7,612,000	2,750,000
Debt issuance costs written off													600,000	1,100,000
Debt original issue discount written off													800,000	1,400,000
Senior Secured Credit Facilities [Member]
Line of Credit Facility [Line Items]
Debt issuance costs written off								$ 1,500,000
Debt original issue discount written off								800,000
Term Loan [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity							225,000,000
Additional Original debt issue discount	$ 1,600,000		2,800,000						$ 1,600,000	$ 2,900,000	$ 1,600,000	$ 2,900,000	$ 2,800,000
Debt instrument, interest rates description											The higher of the Prime Rate, the Federal Funds Effective Rate plus 0.50%, the Eurodollar Rate plus 1.00%, or 2.00%; plus the Applicable Margin. The Term Loan also allows for Eurodollar Loans with a floor of 1.00%, plus the Applicable Margin. The Applicable Margin is 2.75% for a Base Rate Loan and 3.75% for a Eurodollar Loan.
Interest rate on outstanding borrowings under the Term Loan	4.75%								4.75%	4.75%	4.75%	4.75%
Term Loan [Member] \| Federal Funds Effective [Member]
Line of Credit Facility [Line Items]
Credit Facility interest rate											0.50%
Term Loan [Member] \| Eurodollar [Member]
Line of Credit Facility [Line Items]
Applicable margin											3.75%
Term Loan [Member] \| Eurodollar [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Credit Facility interest rate											1.00%
Term Loan [Member] \| Eurodollar [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Credit Facility interest rate											2.00%
Term Loan [Member] \| Eurodollar [Member] \| Floor Rate [Member]
Line of Credit Facility [Line Items]
Credit Facility interest rate											1.00%
Term Loan [Member] \| Base Rate [Member]
Line of Credit Facility [Line Items]
Applicable margin											2.75%
Term Loan [Member] \| Senior Secured Credit Facilities [Member]
Line of Credit Facility [Line Items]
Additional principal amount allowed					$ 50,000,000
Debt Issuance cost					2,200,000
Additional original issue discount					1,800,000
Interest expense recognized					400,000
Amount available under Term Loan to distribute cash dividend to common shareholders					$ 46,200,000
Share repurchase \| shares					4,999,625
Debt issuance costs				$ 2,000,000	$ 1,600,000
Deferred debt financing fees recognized				1,300,000	1,100,000
Debt issuance costs recognized in general and administrative expenses				300,000	500,000
Dividend recorded as a reduction of retained earnings				23,600,000
Retained earnings balance as of dividend date				0
Dividend recorded as a reduction of additional paid-in capital				34,400,000
Additional Original debt issue discount				400,000
Repayments on term loan								103,100,000
Term Loan, Second Amendment [Member]
Line of Credit Facility [Line Items]
Description regarding additional principal amount allowed under Term Loan													The primary purpose of the additional term loan borrowing was to distribute $58.0 million as a cash dividend to common shareholders as consented by the original Term Loan lenders.
Term Loan, Second Amendment [Member] \| Term Loan [Member] \| Senior Secured Credit Facilities [Member]
Line of Credit Facility [Line Items]
Additional principal amount allowed				60,000,000
Amount available under Term Loan to distribute cash dividend to common shareholders				58,000,000
Increase in debt issuance cost				400,000
Increase in original issue discount				$ 200,000
Description regarding additional principal amount allowed under Term Loan				The primary purpose of the additional term loan borrowing was to distribute $58.0 million as a cash dividend to common shareholders as consented by the original Term Loan lenders.
Debt Instrument, Frequency of Periodic Payment													27 consecutive quarterly payments
Debt Instrument, Periodic Payment						$ 800,000
Excess cash flow payments			$ 4,400,000										$ 4,400,000	$ 4,300,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity							$ 75,000,000
Credit Facility interest rate													4.75%	5.25%
Credit Facility maximum borrowing capacity, percentage	90.00%		90.00%						90.00%		90.00%		90.00%
Credit Facility maximum borrowing capacity		$ 125,000,000	$ 75,000,000										$ 75,000,000		$ 75,000,000
Increase in amount of revolving credit facility													25,000,000
Credit Facility	$ 18,100,000		0						$ 18,100,000		$ 18,100,000		0
Borrowings available under credit facility	103,400,000		73,500,000						103,400,000		103,400,000		73,500,000
Letter of credit commitments	3,300,000		1,300,000						3,300,000		3,300,000		1,300,000
Rent reserves	$ 200,000		200,000						200,000		$ 200,000		200,000
Credit Facility interest rate applicable	4.00%
Unused line of credit fees													0.2	$ 0.2
Borrowings under the credit agreement		50,000,000
Payment of cash dividend		48,800,000
Line of credit, interest rates description											The higher of the Prime Rate, the Federal Funds Effective Rate plus 0.50%, or the Eurodollar Rate plus 1.00%; plus Applicable Margin (which could range from 0.75% to 1.25%). Under the terms of the Revolving Credit Facility, the Applicable Margin may fluctuate subject to periodic measurements of average availability, as defined. The Revolving Credit Facility also allows for Eurodollar Loans comprised of the Eurodollar Base Rate plus Applicable Margin (which could range from 1.75% to 2.25%).
Revolving Credit Facility [Member] \| Letter of Credit [Member]
Line of Credit Facility [Line Items]
Credit Facility current borrowing capacity	$ 25,000,000		25,000,000						25,000,000		$ 25,000,000		25,000,000
Revolving Credit Facility [Member] \| Swingline Loan Facility [Member]
Line of Credit Facility [Line Items]
Credit Facility current borrowing capacity	$ 20,000,000		$ 20,000,000						$ 20,000,000		$ 20,000,000		$ 20,000,000
Revolving Credit Facility [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Applicable margin						3.75%					0.75%		0.75%
Credit Facility interest rate applicable			2.19%
Credit Facility, variable unused line fee											0.25%		0.25%
Revolving Credit Facility [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Applicable margin						4.00%					1.25%		1.25%
Credit Facility interest rate applicable			4.25%
Credit Facility, variable unused line fee											0.375%		0.375%
Revolving Credit Facility [Member] \| Federal Funds Effective [Member]
Line of Credit Facility [Line Items]
Credit Facility interest rate						0.50%					0.50%		0.50%
Revolving Credit Facility [Member] \| Eurodollar [Member]
Line of Credit Facility [Line Items]
Credit Facility interest rate											1.00%		1.00%
Revolving Credit Facility [Member] \| Eurodollar [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Credit Facility interest rate						1.00%
Applicable margin						2.75%							1.75%
Applicable margin on the interest rate	1.75%								1.75%		1.75%
Revolving Credit Facility [Member] \| Eurodollar [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Credit Facility interest rate						2.00%
Applicable margin						3.00%							2.25%
Applicable margin on the interest rate	2.25%								2.25%		2.25%
Revolving Credit Facility [Member] \| Senior Secured Credit Facilities [Member]
Line of Credit Facility [Line Items]
Dividend recorded as a reduction of retained earnings	$ 33,900,000								$ 33,900,000		$ 33,900,000
Retained earnings balance as of dividend date		$ 0
Dividend recorded as a reduction of additional paid-in capital	$ 14,900,000
Repayments on revolving credit facility								$ 50,000,000
Term Loan Amendment [Member] \| Term Loan [Member] \| Senior Secured Credit Facilities [Member]
Line of Credit Facility [Line Items]
Increase in debt issuance cost					1,100,000
Increase in original issue discount					$ 400,000

Income Taxes - Components of Income Tax Provision (Benefit) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014	Jan. 31, 2015	Feb. 01, 2014
Components of income tax expense (benefit)
Current federal income tax expense (benefit)					$ 16,760	$ 11,501
Current state income tax expense (benefit)					3,422	2,989
Current income tax expense (benefit)					20,182	14,490
Deferred federal income tax expense (benefit)					(2,114)	(2,122)
Deferred state income tax expense (benefit)					(1,305)	(1,091)
Deferred income tax expense (benefit)			$ (1,976)	$ (1,893)	(3,419)	(3,213)
Income tax expense (benefit)	$ 3,887	$ 3,022	$ 11,854	$ 9,285	$ 16,763	$ 11,277

Income Tax - Components of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Jan. 31, 2015	Feb. 01, 2014
Deferred tax assets:
Inventory reserves	$ 858	$ 794
Deferred rent	1,091	646
Stock-based compensation	3,254	1,790
Other	3,163	1,066
Total deferred tax assets	8,366	4,296
Deferred tax liabilities:
Depreciation	(6,250)	(5,054)
Leases	(1,051)	(1,062)
Total deferred tax liabilities	(97,456)	(96,805)
Net deferred tax liabilities	(89,090)	(92,509)
Trade Names [Member]
Deferred tax liabilities:
Intangibles	(90,138)	(90,540)
Noncompetition Agreements [Member]
Deferred tax liabilities:
Intangibles	$ (17)	$ (149)

Income Tax - Reconciliation of Effective Income Tax Rate (Detail)	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014	Jan. 31, 2015	Feb. 01, 2014
Effective income tax rate reconciliation
Statutory federal rate					35.00%	35.00%
State taxes, net of federal benefit					3.20%	4.00%
Other					0.20%	(2.40%)
Effective income tax rate	36.50%	38.40%	37.50%	38.40%	38.40%	36.60%

Commitments and Contingencies - Additional Information (Detail) $ in Thousands	9 Months Ended	12 Months Ended
	Oct. 31, 2015 USD ($) Lease	Jan. 31, 2015 USD ($)
Operating Leased Assets [Line Items]
Lease terms		5 years
Number of new store leases \| Lease	27
Lease description	The fully executed leases have initial terms typically between five to seven years with options to renew for two or three successive five-year periods. The initial terms of these new store leases have future minimum lease payments totaling approximately $30.6 million.
Renew period of fully executed leases	5 years
Future minimum lease payments, total \| $	$ 30,600	$ 222,360
Minimum [Member]
Operating Leased Assets [Line Items]
Initial terms of fully executed leases	5 years
Maximum [Member]
Operating Leased Assets [Line Items]
Initial terms of fully executed leases	7 years

Commitments and Contingencies - Schedule of Rent Expenses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014
Commitments and Contingencies Disclosure [Abstract]
Minimum annual rentals	$ 28,707	$ 25,133
Contingent rentals	78	140
Operating Leases, Rent Expense, Net, Total	$ 28,785	$ 25,273

- Definition

The increases or decreases in lease payments that result from changes occurring after the inception of the lease in the factors (other than the passage of time) on which lease payments are based, except that any escalation of minimum lease payments relating to increases in construction or acquisition cost of the leased property or for increases in some measure of cost or value during the construction or preconstruction period, are excluded from contingent rentals. Contingent rentals also may include amounts for which the triggering events have not yet occurred or the specified targets for which have not yet been achieved (such as sales based percentage rent), but which events are considered probable of occurring or which specified targets are considered probable of being achieved.

+ References + Details

Commitments and Contingencies - Schedule of Future Minimum Rental Payments Required Under Non-cancelable Operating Leases (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015
Operating leases, future minimum payments due, fiscal year maturity
January 30, 2016		$ 34,334
January 28, 2017		33,297
February 3, 2018		31,622
February 2, 2019		29,177
February 1, 2020		24,264
Thereafter		69,666
Total minimum lease payments	$ 30,600	$ 222,360

Equity Incentive Plans - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Apr. 30, 2014	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013	Jul. 15, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Income tax benefit		$ 3,887	$ 3,022	$ 11,854	$ 9,285	$ 16,763	$ 11,277
Total unrecognized compensation cost related to non-vested stock-based compensation arrangements granted		14,900		$ 14,900
Cost expected to be recognized over weighted average period				3 years 1 month 6 days
Proceeds from issuance of debt	$ 60,000				$ 59,592	$ 59,592	$ 47,756
Option exercise price	$ 7.49
Option exercise price	$ 8.70
Weighted average grant date fair value per option for options granted				$ 5.03	$ 3.52	$ 3.57	$ 3.38
Share Based Award Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Income tax benefit							$ 1,400	$ 1,300
Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost		$ 1,400	$ 1,000	$ 3,700	$ 2,900		$ 3,800	$ 3,400
2012 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for options				5 years		5 years
Options granted, expiration period				10 years		10 years
Common stock available for grant						1,596,890	2,321,390		0
Total unrecognized compensation cost related to non-vested stock-based compensation arrangements granted						$ 11,800	$ 12,800
Cost expected to be recognized over weighted average period						3 years 10 months 24 days	4 years 2 months 12 days
2012 Plan [Member] \| Annual Vesting [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage of options				20.00%		20.00%
2015 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for options				4 years
Options granted, expiration period				10 years
Common stock available for grant		4,681,800		4,681,800
2015 Plan [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance under equity incentive plan		5,250,000		5,250,000
2015 Plan [Member] \| Annual Vesting [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage of options				25.00%

Equity Incentive Plans - Summary of Stock Option Activity and Related Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Oct. 31, 2015	Jan. 31, 2015	Feb. 01, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Outstanding, Beginning Balance	6,010,475	5,279,075	5,152,575
Number of options, Granted	1,353,500	920,000	379,500
Number of options, Forfeited	(43,550)	(188,600)	(253,000)
Number of options, Exercised	(54,300)
Number of options, Outstanding, Ending Balance	7,266,125	6,010,475	5,279,075
Number of options, Exercisable	3,144,525	2,010,890
Weighted average exercise price, Outstanding, Beginning Balance	$ 6.66	$ 8.70	$ 8.70
Aggregate intrinsic value outstanding		$ 23,691
Weighted average exercise price, Granted	13.47	$ 9.17	8.70
Aggregate intrinsic value exercisable		$ 8,291
Weighted average exercise price, Forfeited	6.81	$ 7.88	8.70
Weighted average exercise price, Exercised	6.57
Weighted average exercise price, Outstanding, Ending Balance	7.93	6.66	$ 8.70
Weighted average exercise price, Exercisable	$ 6.54	$ 7.50
Weighted average remaining contractual term (years), Outstanding	7 years 7 months 6 days	7 years 10 months 24 days
Weighted average remaining contractual term (years), Exercisable	7 years	7 years 8 months 12 days
Scenario, Previously Reported [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average exercise price, Outstanding, Beginning Balance	$ 7.68
Weighted average exercise price, Outstanding, Ending Balance		$ 7.68

Equity Incentive Plans - Summary of Weighted Average Assumptions (Detail)	9 Months Ended		12 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Jan. 31, 2015	Feb. 01, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Risk-free interest rate	1.99%	2.08%	2.22%	1.54%
Expected dividend yield	0.00%	0.00%	0.00%	0.00%
Expected term (years)	6 years 4 months 24 days	6 years 6 months	6 years 6 months	6 years 6 months
Expected volatility	31.67%	32.50%	34.80%	36.35%

Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014	Jan. 02, 2014
Compensation and Retirement Disclosure [Abstract]
Employer matching contributions	$ 0.2	$ 0.2
Employee's contribution, Maximum	25.00%
Discretionary contributions	$ 0.3		$ 0.2

Common Stock - Additional Information (Detail)	Jan. 31, 2015 Vote $ / shares shares
Common Stock [Line Items]
Number of votes entitled \| Vote	1
Common Stock Class A [Member]
Common Stock [Line Items]
common stock share \| shares	2,875
Common stock, share price \| $ / shares	$ 9.99

Transactions with Related Parties - Additional Information (Detail) $ in Millions	9 Months Ended		12 Months Ended
	Oct. 31, 2015 USD ($) Lease	Nov. 01, 2014 USD ($)	Jan. 31, 2015 USD ($) Lease
Operating Leases From Related Party [Member]
Related Party Transaction [Line Items]
Number of non-cancelable operating leases with related parties \| Lease	5		5
Rent payments to related parties	$ 0.9	$ 0.9	$ 1.2
Use of Airplane [Member]
Related Party Transaction [Line Items]
Payment to related party	$ 0.1	$ 0.1

Segment Reporting - Additional Information (Detail)	12 Months Ended
Segment Reporting - Additional Information (Detail)	Jan. 31, 2015 Segment
Segment Reporting [Abstract]
Number of operating segments	1

Segment Reporting - Percentage of Net Sales by Merchandise (Detail) - Customer Concentration Risk [Member]	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014
Housewares [Member]
Segment Reporting Disclosure [Line Items]
Sales percentage	14.70%	14.80%
Food [Member]
Segment Reporting Disclosure [Line Items]
Sales percentage	12.50%	9.00%
Books And Stationery [Member]
Segment Reporting Disclosure [Line Items]
Sales percentage	10.90%	12.00%
Bed And Bath [Member]
Segment Reporting Disclosure [Line Items]
Sales percentage	10.10%	9.90%
Floor Coverings [Member]
Segment Reporting Disclosure [Line Items]
Sales percentage	9.60%	10.70%
Toys [Member]
Segment Reporting Disclosure [Line Items]
Sales percentage	5.10%	6.20%
Hardware [Member]
Segment Reporting Disclosure [Line Items]
Sales percentage	5.10%	5.50%
Other [Member]
Segment Reporting Disclosure [Line Items]
Sales percentage	32.00%	31.90%
Sales Revenue, Net [Member]
Segment Reporting Disclosure [Line Items]
Sales percentage	100.00%	100.00%

Schedule I-Condensed Financial Information of Registrant Ollie's Bargain Outlet Holdings, Inc. (parent company only) Condensed Balance Sheets (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014	Feb. 01, 2014	Feb. 02, 2013
Assets
Total current assets	$ 228,289	$ 198,277	$ 198,891	$ 165,132
Long-term assets:
Total assets	950,341	917,131	918,703	879,278
Liabilities and stockholders' equity
Total current liabilities	85,683	90,634	76,845	76,885
Total liabilities	408,589	500,296	514,785	435,139
Stockholders' equity:
Common stock	59
Additional paid-in capital	532,182	393,078	392,169	423,668
Retained earnings	9,597	23,738	11,730	20,423
Treasury stock, at cost	86	29	29
Total stockholders' equity	541,752	416,835	403,918	444,139	$ 467,356
Total liabilities and stockholders' equity	$ 950,341	917,131	$ 918,703	879,278
Ollie's Bargain Outlet, Inc. [Member]
Assets
Total current assets		0		0
Long-term assets:
Investment in subsidiaries		416,835		444,139
Total assets		416,835		444,139
Liabilities and stockholders' equity
Total current liabilities		0		0
Total long-term liabilities		0		0
Total liabilities		0		0
Stockholders' equity:
Common stock		48		48
Additional paid-in capital		393,078		423,668
Retained earnings		23,738		20,423
Treasury stock, at cost		(29)
Total stockholders' equity		416,835		444,139
Total liabilities and stockholders' equity		$ 416,835		$ 444,139

Schedule I-Condensed Financial Information of Registrant Ollie's Bargain Outlet Holdings, Inc. (parent company only) Condensed Statements of Income (Detail) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Oct. 31, 2015	May. 02, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014	Jan. 31, 2015	Feb. 01, 2014
Net sales	$ 174,565		$ 150,005	$ 518,968	$ 437,310	$ 637,975	$ 540,718
Cost of sales	104,641		90,410	314,943	263,108	384,465	323,908
Gross profit	69,924		59,595	204,025	174,202	253,510	216,810
Selling, general and administrative expenses	51,796		44,063	147,242	126,066	178,832	153,807
Depreciation and amortization expenses	1,810		1,773	5,265	5,291	6,987	8,011
Pre-opening expenses	2,380		1,132	5,252	4,186	4,910	4,833
Operating income	13,938		12,627	46,266	38,659	62,781	50,159
Interest expense, net	3,289		4,754	12,286	13,796	19,103	19,341
Income before income taxes	10,649		7,873	31,629	24,192	43,678	30,818
Income tax expense	3,887		3,022	11,854	9,285	16,763	11,277
Net income	$ 6,762	$ 6,700	$ 4,851	$ 19,775	$ 14,907	26,915	19,541
Ollie's Bargain Outlet, Inc. [Member]
Net sales						0	0
Cost of sales						0	0
Gross profit						0	0
Selling, general and administrative expenses						0	0
Depreciation and amortization expenses						0	0
Pre-opening expenses						0	0
Operating income						0	0
Interest expense, net						0	0
Income before income taxes						0	0
Income tax expense						0	0
Income before equity in net income of subsidiaries						0	0
Net income of subsidiaries						26,915	19,541
Net income						$ 26,915	$ 19,541

Schedule I-Condensed Financial Information of Registrant Ollie's Bargain Outlet Holdings, Inc. (parent company only) - Additional Information (Detail) - USD ($)	May. 27, 2015	May. 26, 2015	Jan. 31, 2015
Revolving Credit Facility [Member]
Credit Facility maximum borrowing capacity	$ 125,000,000	$ 75,000,000	$ 75,000,000
Ollie's Bargain Outlet, Inc. [Member]
Non controlling interest, outstanding amount			324,100,000
Ollie's Bargain Outlet, Inc. [Member] \| Revolving Credit Facility [Member]
Credit Facility maximum borrowing capacity			$ 73,500,000

Earnings per Common Share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014	Jan. 31, 2015	Feb. 01, 2014
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share	578,890	459,431	661,314	3,920,333	2,971,140	5,230,200

Income Taxes - Additional Information (Detail)	3 Months Ended		9 Months Ended		12 Months Ended
Income Taxes - Additional Information (Detail)	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014	Jan. 31, 2015	Feb. 01, 2014
Income Tax Disclosure [Abstract]
Effective tax rates	36.50%	38.40%	37.50%	38.40%	38.40%	36.60%